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Santos Managing Director and Chief Executive Officer Kevin Gallagher noted that the contract with Glencore extends their existing sturdy business relationship and presents a useful opportunity for each companies to leverage their expertise in Asian LNG markets. “This oil-indexed contract, along with a long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan, highlights Santos’ sturdy LNG portfolio position and buyer relationships within the region. There continues to be strong demand in Asia for top heating value LNG from initiatives such as Barossa and PNG LNG. Santos is committed to supporting the energy safety of our valued customers across …
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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, …
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