Santos Fully Repays PNG LNG Project Finance Facility Six Months Early

Santos Limited has completed the repayment of its PNG LNG project finance facility as of December 17, 2025, six months ahead of the June 2026 maturity date. The final payment amounted to USD 363 million, fully closing the facility in which Santos holds a 39.9% interest.

This repayment eliminates future interest costs and restricted cash requirements, enhancing Santos' liquidity position to approximately USD 4.0 billion. The company reported zero scheduled debt maturities in 2026, with the next obligation due in September 2027.

The early repayment is strategically timed as Santos prepares for cash flows from Barossa LNG and Pikka Phase 1 projects. Additionally, Santos plans to fund a significant portion of the Papua LNG project costs through project finance, leveraging the successful PNG LNG model. Santos reported USD 1.1 billion in sales revenue for Q3 2025, with year-to-date free cash flow reaching USD 1.4 billion.