Santos offices in Brisbane, Australia
Santos advances Barossa project
Australian independent set to finalise sale of stake to Japan’s Jera in H1 2022
Australian independent Santos is on pace to complete its sale of a stake in the Barossa gas project in Australia to Japanese LNG buyer Jera in the first half of this year. Jera has agreed to buy the 12.5pc share for around $300mn. Barossa—which is 300km north of Darwin—is expected to start production in 2025 and will provide backfill gas for the existing 3.7mn t/yr Darwin LNG liquefaction facility, once the mature Bayu-Undan field ceases production. Barossa’s gas will be tied into the Bayu-Undan-Darwin pipeline. With the completion of the Barossa transaction, Santos will operate the new field with a 50pc stake, while South Korea’s SK E&S will hold 37.5pc. Jera already has a 6.1pc stake i
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
