Story 1Offshore Energy•Jul 28, 2026
First condensate cargo from Australian project en route to South Korea
Signal strongSource-grounded
What happened
Santos has loaded the first condensate cargo from the Barossa project onto an Aframax for delivery to South Korea, and Darwin LNG is producing at about planned rates with regular LNG cargoes. The cargo used the BW Opal FPSO loading and reflects active export operations; condensate and LNG offtake are now operational realities. Watch whether the cargo cadence and terminal slot frequency remain steady as production normalises
Why the category manager should care
This is an operational start: condensate is flowing to market and LNG cargoes are loading on a regular cadence, so logistics and offtake commitments are now active procurement factors
Key facts
- Approximately 300,000 barrels loaded from the BW Opal FPSO
- Darwin LNG operating near planned rates with regular cargo cadence