Santos offices in Brisbane, Australia
Santos advances Barossa project
Australian independent set to finalise sale of stake to Japan’s Jera in H1 2022
Australian independent Santos is on pace to complete its sale of a stake in the Barossa gas project in Australia to Japanese LNG buyer Jera in the first half of this year. Jera has agreed to buy the 12.5pc share for around $300mn. Barossa—which is 300km north of Darwin—is expected to start production in 2025 and will provide backfill gas for the existing 3.7mn t/yr Darwin LNG liquefaction facility, once the mature Bayu-Undan field ceases production. Barossa’s gas will be tied into the Bayu-Undan-Darwin pipeline. With the completion of the Barossa transaction, Santos will operate the new field with a 50pc stake, while South Korea’s SK E&S will hold 37.5pc. Jera already has a 6.1pc stake i
Also in this section
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
