Santos share prices rise after GLNG starts shipping
The price rise followed the maiden shipment of LNG from its $18.5bn Gladstone LNG export project
The Seri Bakti left the port of Gladstone carrying a cargo of 146,000 m³ of LNG to Korea Gas Corporation, a 15% owner of the GLNG venture. The start-up comes after Santos and its partners, which also include Malaysian national oil company Petronas and French major Total, spent “roughly $10,000 a minute for the last seven years” in bringing it to fruition, Santos’ chief executive, David Knox, said as the ship set sail. Santos’ survival was in doubt just a few months ago because the oil price collapse jeopardized the potential financial performance of GLNG, which saw investors fleeing and Santos’ share price collapsing from around A$15 in mid-2014 to a low of A$3.98 on 30 September. But it sur
Also in this section
9 April 2026
The April 2026 issue of Petroleum Economist is out now!
9 April 2026
Offshore operators are working through an FID backlog as the rig market consolidates, helped by improving project economics and a renewed security drive
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
