Santos - Darwin24 Nov 2025 13:00
Santos and JV partners well financed for Darwin expansion, posted the other day , plans to TREBLE production at the East complex where Linde/BOC
Helium plant also awaits a new source of Helium.
The two new Gas processing strings to be built at Darwin East, first one is down as being built for initial production from a Tamboran Resources field.
The 3rd planned Gas string as yet remains without a named first user.
Of interest here as the 3 new assets Mt Kitty Maghee Dukas, current Mt Winter, are all Northern Territory / Amadeus Basin, with the 3 new asset, having
Santos as OPERATOR, go figure where they will want to take all the gases. 🤔
Late 2024
Santos has announced that the Darwin LNG joint venture (operated by Santos and in which Santos holds a 43.43% interest) has achieved financial close of new syndicated bank loan facilities totalling US$800 million.
The facilities comprise a US$350 million seven year, partially amortising loan maturing in 2031 and a US$450 million, 12-year partially amortising loan maturing in 2036. The facilities are senior-secured by Darwin LNG Pty Ltd. The shareholders in Darwin LNG Pty Ltd, including Santos, have granted security over their shares in that company.
The facilities received strong support from existing and new syndicated banking relationships and the proceeds will be used to fund the DLNG life extension works.
Santos CEO, Kevin Gallagher, said this is an excellent result for Darwin LNG, showing strong support from our bank lenders, and demonstrating their recognition of LNG as a critical part of the energy transition and willingness to support the LNG industry.
“The debt raised by the Darwin LNG joint venture is wholly consistent with our strategy of securing flexible, long-duration and competitively priced funding.”
“With these facilities in place, Darwin LNG is well-funded to complete the life extension works scheduled for mid-2025 and it positions Darwin LNG to consider future expansion of this important infrastructure, including through the potential provision of third-party carbon capture services in Darwin.” Gallagher said.
Big picture forming down the line, on new assets deal, set to fully complete LATE 2026 (CP ceo, hopes to give his own shareholders the GEX shares they
will get as part of the deal by then, not next week/month.)
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