Santos reveals price of Darwin LNG divestment

AFTER the market closed yesterday, Australia’s second largest gas producer – Santos – announced it had sold a 25% stake in the Darwin LNG plant and the Bayu-Undan oil and gas fields in Northern Australia to South Korea’s SK E&S for US$390 million.

Santos reveals price of Darwin LNG divestment Santos reveals price of Darwin LNG divestment Santos reveals price of Darwin LNG divestment Santos reveals price of Darwin LNG divestment Santos reveals price of Darwin LNG divestment

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Santos managing director Kevin Gallagher flagged the company's intention of selling down its interest in Darwin LNG and the two fields last October while announcing the US$1.