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Santos has introduced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited . The contract entails the provision of 20 LNG cargoes, or up to roughly zero.5 million tonnes of LNG per annum, over a period of three years plus one quarter. The contract will commence in Q4 2025, with LNG being supplied from Santos’ global portfolio of world-class LNG assets on a delivered ex-ship basis. Santos Managing Director and Chief Executive Officer Kevin Gallagher stated Business News the contract with TotalEnergies marks a brand new LNG relationship for Santos, building on its present three way partnership partnerships. “This oil-indexed contract, along with the just lately executed long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan and the mid-term contract with Glencore, demonstrates Santos’ sturdy LNG portfolio position and customer relationships within the region.
Our portfolio is well-balanced over the brief to medium time period, with round eighty % of volumes listed to oil prices and about twenty p.c exposed to identify pricing,†Gallagher said. “There continues to be extraordinarily strong demand in Asia for high-heating-value LNG from initiatives such as Barossa and PNG LNG, as international locations focus on decreasing their carbon emissions. Santos is dedicated to supporting the vitality safety of our valued clients throughout Asia, where fuel will play a vital function in decarbonisation efforts throughout the area,†Gallagher added.
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