ASX:STOOil and Gas
Santos (ASX:STO) Is Up 8.5% After Barossa’s First On‑Budget LNG Shipment - What's Changed
Santos has completed its first liquefied natural gas shipment from the Barossa project, achieving a major operational milestone after years of investment and delays, with the project delivered on budget and about six months later than initially planned.
This first cargo effectively moves Barossa from construction into commissioning, a shift that could influence how investors view Santos’ future LNG cash-flow profile and project execution capabilities.
We’ll now look at how Barossa’s...