Santos Limited’s $400 Million PNG Gas Project Puts 2028 Growth Back in Focus
Santos Limited approved the Agogo Production Facility tie-in project in Papua New Guinea, committing $160 million toward a $400 million gas expansion set to supply the PNG LNG system. The project includes a new 19-kilometre pipeline, two wells, and aims for first gas in Q2 2028. Santos expects to add 54 mmscf/d to its net capacity. Shares closed at A$7.68, up 1.59% on Wednesday.