The Importance of Understanding Business Metrics
Business: News, Comments & Analysis
Santos has introduced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited . The contract entails the provision of 20 LNG cargoes, or as a lot as approximately 0.5 million tonnes of LNG per annum, over a period of three years plus one quarter. The contract will start in Q4 2025, with LNG being equipped from Santos’ international portfolio of world-class LNG belongings on a delivered ex-ship foundation. Santos Managing Director and Chief Executive Officer Kevin Gallagher mentioned the contract with TotalEnergies marks a brand new LNG relationship for Santos, constructing on its current three way partnership partnerships. “This oil-indexed contract, along with the just lately executed long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan and the mid-term contract with Glencore, demonstrates Santos’ sturdy LNG portfolio place and customer relationships within the region.