ASX:STOOil and Gas
How Early PNG LNG Debt Repayment And Mahalo Exit At Santos (ASX:STO) Has Changed Its Investment Story
In late 2025, Santos repaid its PNG LNG project finance facility around six months ahead of schedule and agreed to sell its 42.86% operated interest in the Mahalo Joint Venture to Comet Ridge Ltd, marking two significant portfolio and balance sheet moves.
These actions suggest Santos is prioritising earlier debt reduction and portfolio reshaping, choices that could influence its future capital allocation and project focus.
We’ll now explore how Santos’ early PNG LNG debt repayment affects...