Global energy business Santos has signed a 12-year liquefied natural gas (LNG) supply and purchase agreement with Japan’s Shizuoka Gas.
Under terms of the signed deal, Santos will supply Shizuoka Gas with between 0.35 and 0.4 million tonnes per annum of LNG at plateau. Deliveries will begin in 2032.
The deal builds upon Santos’ equity LNG portfolio and establishes a long-term relationship with the Japanese gas utility within the Shizuoka region.
Kevin Gallagher, CEO and Managing Director of Santos, said the contract is consistent with the company’s strategy of maintaining robust LNG pricing.
