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Santos Limited (ASX:STO)

ALERT: Price-sensitive ASX Announcement for STO
Current share price for STO : $8.310 1.98 (31.28%)+
Announcement
Release
16 Oct 2025 9:30AM
Price at Release
$6.330
Full Release
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Summary
Santos Limited's 2025 Third Quarter Report highlights significant progress in its operations, including the performance of its PNG LNG operations, which achieved an 8.6 Mtpa run rate due to high facility reliability. The company has also advanced its Barossa LNG project, with six wells drilled and first gas received into the BW Opal FPSO, positioning it to ship its first LNG cargo in Q4 2025. The report notes a strategic focus on the Narrabri Gas Project to address east coast gas supply concerns and a commitment to sustainability, achieving a high ESG score. Additionally, Santos is progressing its Moomba Carbon Capture and Storage project, having stored over 1.3 Mt of CO2e in its first year. The report also outlines ongoing capital expenditure projects and notes the narrowing of full-year production guidance due to weather impacts and delays in project start-ups.
Key Points
  • PNG LNG operations achieved an 8.6 Mtpa run rate driven by high reliability.
  • Barossa LNG project is on track to ship its first LNG cargo in Q4 2025.
  • Narrabri Gas Project is key to solving east coast gas supply concerns.
  • Santos achieved a high ESG score, placing it in the top 10% globally.
  • Moomba CCS stored over 1.3 Mt CO2e in its first year.
  • Capital expenditure projects are ongoing, with production guidance narrowed due to impacts.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.