Sep 7, 2026 – 6.55pmSantos will proceed later this year to build a $19.5 billion LNG project in Papua New Guinea after its French partner TotalEnergies announced a suite of deals that include Australian second-largest oil and gas company lifting its stake in the venture.Santos will become the second-biggest overseas partner in the $US14 billion ($19.5 billion) Papua LNG project after ExxonMobil as a result of TotalEnergies reducing its stake to 20 per cent.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Santos boosts stake in $19.5b Papua LNG project
Santos will pay $263 million to lift its stake as part of a deal by TotalEnergies that paves the way for a go-ahead on the project
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