Santos announces the signing of a binding long-term LNG Supply and Purchase Agreement (SPA) with Shizuoka Gas Co. Ltd. to provide LNG from Santos’ portfolio of world class LNG assets.

The long-term SPA will supply between 0.35 and 0.4 million tonnes per annum of LNG at plateau. The contract term is 12 years, commencing in 2032 on Delivered Ex-Ship (DES) terms.

Santos Managing Director and Chief Executive Officer 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,” Mr Gallagher said.

About Santos

Santos is a leading supplier of natural gas, a fuel for the future providing clean energy to improve the lives of people in Australia and Asia.
Santos is already Australia’s biggest domestic gas supplier and aims to be a leading Asia-Pacific LNG supplier. For more than 65 years, Santos has been working in partnership with local communities, providing Australian jobs and business opportunities, safely and sustainably developing Australia’s natural gas resources, and powering Australian industries and households.
With its origins in the Cooper Basin, Santos has one of the largest exploration and production acreages in Australia and extensive infrastructure and is committed to supplying the domestic markets, unlocking resources and driving value and performance.