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The contract entails the availability of 20 LNG cargoes, or as much as approximately 0.5 million tonnes of LNG every year, over a period of three years plus one quarter. The contract will commence in Q4 2025, with LNG being provided from Santos’ international portfolio of world-class LNG belongings on a delivered ex-ship foundation. Santos Managing Director and Chief Executive Officer Kevin Gallagher stated the contract with TotalEnergies marks a brand new LNG relationship for Santos, constructing on its current three means partnership partnerships. Our portfolio is well-balanced over the brief to medium time period, with round eighty percent of volumes indexed to grease costs and about twenty percent exposed to identify pricing,†Gallagher said. “There continues to be extremely strong demand in Asia for high-heating-value LNG from tasks such as Barossa and PNG LNG, as nations concentrate on …
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