Santos Faces Challenge in Bringing on New Supply for GLNG -- Market Talk

Dow Jones2024-11-21

0321 GMT - Morgans agrees with Santos that backfilling existing LNG infrastructure is the best way to add value. The difficulty is in getting there, analyst Adrian Prendergast says. Gas fields supplying the GLNG facility are due to become depleted by the end of this decade, while operations in the Cooper Basin need significant innovation to unlock the Patchawarra, Granite Wash and deep coals to the north, Morgans says. GLNG is the larger hurdle to cross. Santos's answer appears to be to push forward with new gas from the Beetaloo/McArthur River. "An exciting growth project in years past that ended up taking a backseat to the heavy balance sheet load created by simultaneously developing Barossa and Pikka," Morgans says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 20, 2024 22:21 ET (03:21 GMT)

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The difficulty is in getting there, analyst Adrian Prendergast says. Gas fields ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7142","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485102489","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485102489","pubTimestamp":1732159260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0321 GMT - Morgans agrees with Santos that backfilling existing LNG infrastructure is the best way to add value. 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