SK E&S to acquire a 25% stake in Bayu-Undan and Darwin LNG from Santos for $186m.

SK E&S, an energy company, to acquire a 25% stake in gas facilities Bayu-Undan and Darwin LNG from Santos, an Australian energy company, for $186m. "I am delighted to formally welcome Barossa joint venture partner SK E&S as a partner in Bayu-Undan and Darwin LNG. The sell-down to SK E&S is in-line with our strategy of disciplined growth while maintaining a strong balance sheet by managing equity levels in our growth projects consistent with disciplined capital management," Kevin Gallagher, Managing Director and CEO.