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Santos Limited ( (AU:STO) ) just unveiled an announcement.
Santos Limited has announced a major milestone with the arrival and successful hookup of the BW Opal FPSO vessel at the Barossa gas field, marking progress towards first gas production in the third quarter of 2025. This development is part of the Barossa LNG project, which has seen an investment of US$3.95 billion and is expected to significantly increase Santos’ production capacity. The project is poised to deliver stable cash flows and enhance shareholder returns, while also contributing to energy security in Asia. Additionally, the company is actively investing in community development through the Barossa Aboriginal Future Fund, supporting local infrastructure and cultural projects in the Northern Territory.
The most recent analyst rating on (AU:STO) stock is a Hold with a A$7.60 price target. To see the full list of analyst forecasts on Santos Limited stock, see the AU:STO Stock Forecast page.
More about Santos Limited
Santos Limited is a prominent player in the energy sector, primarily focusing on the production and supply of liquefied natural gas (LNG). The company has established significant partnerships with leading utilities and energy companies across Asia, including Japan, Korea, Malaysia, and China, and is known for its reliable energy solutions and commitment to supporting emissions reduction plans.
Average Trading Volume: 12,147,591
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$25.02B
See more insights into STO stock on TipRanks’ Stock Analysis page.