Australian LNG plant developer, Santos has signed a binding long-term LNG supply and purchase agreement (SPA) with Shizuoka Gas.
Under the SPA, Santos will supply between 0.35 and 0.4 mill tonnes per annum of LNG at plateau from its portfolio for 12 years on a delivered ex-ship (DES) basis, commencing in 2032.
Santos Managing Director and CEO, Kevin Gallagher, said the contract is consistent with Santos’ strategy of maintaining robust LNG pricing and demonstrates the value of Santos’ high-quality LNG portfolio.
“This SPA builds upon Santos’ equity LNG portfolio and establishes a long-term relationship with Shizuoka, a Japanese gas utility providing natural gas within the Shizuoka region of Japan.
“The agreement underscores Santos’ commitment to providing reliable, cost competitive energy within the Asia/Pacific region.
“Additionally, we look forward to future discussions on Santos’ carbon capture and storage, and synthetic gas opportunities,” Gallagher said.
