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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 as much as approximately 0.5 million tonnes of LNG every year, over a interval of three years plus one quarter. The contract will begin in Q4 2025, with LNG being supplied from Santos’ international portfolio of world-class LNG belongings on a delivered ex-ship basis. Santos Managing Director and Chief Executive Officer Kevin Gallagher mentioned the contract with TotalEnergies marks a new LNG relationship for Santos, building on its current three means 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’ strong LNG portfolio position and customer relationships within the area.

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Our portfolio is well-balanced over the quick to medium time period, with round eighty percent of volumes listed to grease prices and about twenty percent uncovered to identify pricing,” Gallagher stated. “There continues to be extremely strong demand in Asia for high-heating-value LNG from initiatives such as Barossa and PNG LNG, as countries focus on reducing their carbon emissions. Santos is dedicated to supporting the vitality security of our valued prospects across Asia, where gasoline will play a vital function in decarbonisation efforts all through the area,” Gallagher added.