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The launch was attended by distinguished visitors, partners, stakeholders, the workers and administration of BPNG, and the media. Santos has introduced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited . The contract entails the availability of 20 LNG cargoes, or as a lot as approximately zero.5 million tonnes of LNG per annum, over a interval of three years plus one quarter.

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The contract will begin in Q4 2025, with LNG being provided from Santos’ international portfolio of world-class LNG belongings on a delivered ex-ship basis. Santos Managing Director and Chief Executive Officer Kevin Gallagher said the contract with TotalEnergies marks a new LNG relationship for Santos, constructing on its existing three means partnership partnerships. Our portfolio is well-balanced over the short to medium term, with around eighty % of volumes listed to grease prices and about twenty p.c exposed to identify pricing,” Gallagher mentioned. “There continues to be extremely strong demand in Asia for high-heating-value LNG from projects similar to Barossa and PNG LNG, as nations give consideration to lowering their carbon emissions. Santos is committed to supporting the energy safety of our valued customers throughout Asia, the place gasoline will play a vital position in decarbonisation efforts all through the area,” Gallagher added.