Santos (ASX:STO) received final environmental approval from Australia's offshore energy regulator for its AU$5.8 billion Barossa gas project, paving the way for first gas in the third quarter of the year, according to a Tuesday report by The Australian, citing the company.
The nod from the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) follows a failed legal challenge by the Environmental Defenders Office and clears the last major hurdle for the Timor Sea development, per the report.
The Barossa project will supply gas to the Darwin LNG facility, the report added.
Construction is more than 95% complete, with key subsea infrastructure and pipeline work already finished, Santos said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。