Market Chatter: Santos Misses Deadline for First LNG Cargo From Australia Gas Project

MT Newswires Live
Yesterday

Santos (ASX:STO) missed its 2025-end deadline to ship the first cargo of liquefied natural gas from its AU$6.1 billion Barossa gas project in the Timor Sea, posing an early risk to the oil and gas producer's forecast surge in output in 2026, according to a Wednesday report by the Australian Financial Review, citing a company spokesperson.

Production from the project, originally targeted to commence by June 30, was delayed due to legal and operational challenges, the report added.

According to the report, a Santos spokesperson told AFR that the company took a cautious approach in the final stages of the start-up process while carrying out repairs to piping systems on the offshore vessel.

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