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The contract entails supplying 19 LNG cargoes, or as a lot as roughly zero.5 million tonnes of LNG each year over a period of three years plus one quarter. The supply will come from Santos’ global portfolio of world-class LNG property on a delivered ex-ship foundation. Santos Managing Director and Chief Executive Officer Kevin Gallagher noted that the contract with Glencore extends their existing strong business relationship and presents a valuable opportunity for both firms to leverage their experience in Asian LNG markets. “This oil-indexed contract, together with a long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan, highlights Santos’ robust Business News LNG portfolio position and customer relationships in the region. There continues to be sturdy demand in Asia for high heating worth LNG from tasks similar to Barossa and PNG LNG. Santos is committed to supporting the vitality safety of our valued clients throughout Asia,” Mr Gallagher said. The Bank of Papua New Guinea formally launched the Kina and Toea Exhibition, a show celebrating the nation’s wealthy financial historical past and the fiftieth anniversary of Papua New Guinea’s forex.
