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Bonaparte LNG in focus as Santos targets Asia

Santos has returned its focus to Australia’s Bonaparte Basin as growing Asian demand brings opportunity to the area Santos has returned its focus to Australia’s Bonaparte Basin as growing Asian demand brings opportunity to the area.
By Sally Bogle 23 February 2018 0 29708
ConocoPhillips' Darwin LNG plant. ConocoPhillips' Darwin LNG plant. (Conoco)

Santos is looking at developing its long-held gas assets in the Bonaparte Basin offshore northwest Australia, with ConocoPhillips’ Darwin LNG facility a possible export point, the group told Interfax Natural Gas Daily this week. 

This follows the recent acquisition of Engie E&P’s 60% stake in the fields by cash-rich Neptune Energy, which is keen to target rising LNG demand growth in Asia and considers Bonaparte a prime development opportunity. 

Santos confirmed it is working with Neptune on a development study for Bonaparte’s Petrel-Tern fields. “We are evaluating...