LNG

Aug 30 (LNGJ) - Gladstone LNG plant operator Santos said it signed a location swap agreement facilitating the delivery of volumes of natural gas per annum into the southern Australian domestic market in return for gas in the eastern market where it runs the liquefaction plant. Under the three-year agreement, with an option to extend for a further year, Santos will take delivery of gas at Wallumbilla in Queensland and will then provide an equivalent quantity of gas at delivery points in the southern domestic market. “This transaction demonstrates the ability for industry to efficiently work together and support the Federal Government in bringing more supply into the domestic market and help mitigate gas supply concerns,” said Santos Chief Executive Kevin Gallagher.