Santos sell-down of Barossa continues with stake to JERA

AUSTRALIA's second largest gas producer Santos has signed a letter of intent to sell a further 12.5% stake in its Barossa project to Japan’s JERA, but also reiterated to shareholders not to expect a final investment decision on the project “until market conditions improve.”

Santos sell-down of Barossa continues with stake to JERA Santos sell-down of Barossa continues with stake to JERA Santos sell-down of Barossa continues with stake to JERA Santos sell-down of Barossa continues with stake to JERA Santos sell-down of Barossa continues with stake to JERA

 

The Barossa project is currently in the front-end engineering and design phase of development and will deliver backfill for the Darwin LNG plant.