Santos to buy 30% stake in Meridian CSG project for about US$85 million-US$90 million

Reuters2026/08/23 23:33

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Santos agreed to buy a 30% stake in Queensland’s Greater Meridian CSG project for about USD 85-90 million net.
Deal values Meridian at AUD 430 million, effective Jan. 1, 2026; completion targeted for late 2026, pending approvals.
Transaction shifts Meridian from contracted supply into GLNG equity production; Santos will become operator on completion.
Meridian produces 47 TJ/d; about 90% supplies GLNG under a long-term contract, with the remainder sold domestically.
Santos completed the sale of its 42.86% operated Mahalo JV interest for up to AUD 62 million including milestone payments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Santos Ltd. published the original content used to generate this news brief on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Santos to buy 30% stake in Meridian CSG project for about US$85 million-US$90 million

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