Santos, Beach and Key execute MoU for gas processing

Company News

by Anna Napoli

Santos (ASX:STO), Beach Energy and Key Petroleum have entered into a Non-binding MoU to cover proposed terms for gas processing into the Cooper Basin gas gathering network.

The agreement also covers processing at the Santos-operated Moomba Gas Processing Facility.

The three companies have agreed non-binding indicative terms for gas processing and transportation services.

Key Petroleum says it's delighted to be working with Santos and Beach Energy and the MoU demonstrates a clear pathway to commercialisation of future gas discoveries within our Tanbar Gas Project.

Shares in Santos (ASX:STO) closed 1.14 per cent lower to $6.95 on Friday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.