LNG Highlights from Santos 2024 Half-Year Results Report

Barossa Gas Project:

The Barossa Gas Project is 80% complete, with first gas expected in Q3 2025.

The Gas Export Pipeline connecting the field to Darwin LNG has been completed.

The Floating Production, Storage, and Offtake (FPSO) vessel is expected to arrive in Australia in Q1 2025.

Three development wells have been drilled, with the third well showing a deliverability approximately 20% higher than expected.

East Coast LNG (GLNG):

GLNG is projected to deliver approximately 6 million tonnes per annum (Mtpa) of LNG in 2024.

Record production levels were achieved in the first half of 2024.

Horizontal drilling in the Arcadia Valley has increased productivity, enabling longer wells.

PNG LNG:

The PNG LNG project maintained steady production, despite natural decline in the Hides field and planned maintenance activities.

The Angore project is expected to start supplying gas to PNG LNG in Q4 2024.

High operational reliability was reported for the PNG LNG infrastructure.

Darwin LNG and Bayu-Undan:

The Darwin LNG facility is being refurbished in preparation for processing gas from the Barossa project.

The Bayu-Undan field continued supplying gas to the Northern Territory domestic market beyond its expected field life.