Santos advises that the PNG LNG Project co-venturers have entered into a mid-term LNG sale and purchase agreement (SPA) with Unipec Singapore, a wholly-owned subsidiary of Sinopec, for the supply of LNG commencing in April 2019.
The mid-term SPA with Unipec is for supply of approximately 0.45 million tonnes of liquefied natural gas (LNG) per annum (mtpa) over a four-year period.
This SPA takes the total contracted volumes from the Project to 7.9 mtpa, with 6.6 million tonnes of PNG LNG's annual output already committed under long-term contracts to JERA, Osaka Gas, Sinopec and CPC, and 1.3 million tonnes under mid-term SPAs with PetroChina, BP and Unipec.
Santos has a 13.5% interest in PNG LNG.
About Santos
An Australian energy pioneer since 1954, Santos is a leading oil and gas producer, supplying Australian and Asian customers.
With over 3,000 employees across Australia and Asia, Santos’ foundations are based on safe, sustainable operations and working in partnership with host communities, governments, business partners and shareholders.
Santos has a 52.5% interest in the Van Gogh-Coniston-Novara project, which it operates.