GLNG Acquires Meridian CSG Project In Queensland 

GLNG joint venture partners Santos, TotalEnergies, PETRONAS and KOGAS have now entered into binding agreements to acquire 100 per cent of the Greater Meridian CSG project in Queensland, which was underpinned by a long-term supply contract with GLNG. Each GLNG partner will acquire a pro-rata share in line with its GLNG joint venture interest, with Santos acquiring a 30 per cent interest and becoming operator of the project upon completion of the transaction.  

Entering into binding Sale and Purchase Agreements with Westside Corporation and Mitsui E&P Australia, Santos and each of the GLNG joint venture partners will purchase the Meridian CSG project in Queensland for a gross purchase price of AU $430 million, with an effective date of 1 January 2026. Considering positive cash flows from the effective date to completion, as well as transaction costs, Santos’ net acquisition cost is forecast to be approximately US $85–90 million.