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Our portfolio is well-balanced over the quick to medium term, with round eighty p.c of volumes listed to grease costs and about twenty % uncovered to identify pricing,” Gallagher mentioned. “There continues to be extraordinarily robust demand in Asia for high-heating-value LNG from projects corresponding to Barossa and PNG LNG, as nations give consideration to decreasing their carbon emissions. Santos is dedicated to supporting the power safety of our valued prospects throughout Asia, the place fuel will play an important function in decarbonisation efforts all through the area,” Gallagher added.

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Menendez Brothers Former Beverly Hills Mansion Again Within The News

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. The contract will commence in Q4 2025, with LNG being supplied from Santos’ world portfolio of world-class LNG property on a delivered ex-ship foundation. Santos Managing Director and Chief Executive Officer Kevin Gallagher mentioned the contract with TotalEnergies marks a model new LNG relationship for Santos, constructing on its existing joint venture 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’ strong LNG portfolio position and customer relationships within the area.

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