Santos (STO.AX) has announced a final investment decision to proceed with the Agogo Production Facility Tie-In Project in Papua New Guinea, following approval by the PNG LNG joint venture. Santos' share of capital expenditure is approximately $160 million. First gas is targeted second quarter 2028. The company noted that the project capex is included within capital expenditure guidance.
The APF Tie-In Project will deliver gas from the Santos-operated Agogo Production Facility to the PNG LNG gas pipeline via a new 19-kilometre pipeline, together with two new wells and associated production facility modifications.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.