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LNG: Australia's Santos Signs Mid-term LNG Supply Deal with Glencore

LNG

Australia's Santos has signed a mid-term LNG supply deal with Glencore Singapore

  • The agreement is to supply 19 LNG cargoes, or up to about 0.5 million tonnes of LNG per annum over a period of three years plus one quarter.
  • The oil indexed LNG supply will commence in 4Q 2025 from Santos’ global portfolio of LNG assets on a delivered ex-ship basis
  • "There continues to be extremely strong demand in Asia for high heating value LNG from projects such as Barossa and PNG LNG," said Santos managing director and CEO Kevin Gallagher.

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