Santos Ships First LNG Cargo from Barossa Project, Boosting Northern Territory Economy

Santos Limited ( (AU:STO) ) has provided an update.

Santos has loaded and shipped the first liquefied natural gas cargo from its Barossa LNG project, with the Kool Blizzard departing Darwin LNG for delivery to Japan’s Sakai terminal, marking a key operational milestone for the offshore development. Delivered within roughly six months of the planned start date and on its original budget, the project underscores Santos’ execution capabilities and is expected to underpin economic growth in Australia’s Northern Territory through long-term employment, local contracts valued at an estimated A$2.5 billion, and an industry-leading Barossa Aboriginal Future Fund that will channel up to $10 million annually into Aboriginal coastal communities for infrastructure, training, jobs and cultural programs.

The most recent analyst rating on (AU:STO) stock is a Hold with a A$6.50 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 an Australian oil and gas producer focused on liquefied natural gas (LNG) and other upstream energy projects. The company operates major offshore developments and supplies LNG primarily to Asian markets, including Japan, while playing a significant role in the Northern Territory’s resources economy.

Average Trading Volume: 8,742,292

Technical Sentiment Signal: Hold

Current Market Cap: A$20.93B

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