AI assistant
SANTOS LIMITED — Capital/Financing Update 2018
Jul 19, 2018
65872_rns_2018-07-19_9976c84b-a063-4ec3-b7fe-8c49518f0956.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX / Media Release
==> picture [97 x 25] intentionally omitted <==
20 July 2018
PNG LNG signs mid-term sales agreement with PetroChina
Santos advises that the PNG LNG Project co-venturers have entered into a mid-term LNG sale and purchase agreement (SPA) with PetroChina International (Hong Kong) Corporation Limited (PCI), for the supply of LNG commencing in July 2018.
The mid-term SPA is for supply of approximately 0.45 million tonnes of liquefied natural gas (LNG) per annum (mtpa) over a three-year period.
This SPA takes the total contracted volumes from the Project to 7.0 mtpa, with 6.6 million tonnes of PNG LNG's annual output already committed under long-term contracts to JERA, Osaka Gas, Sinopec and CPC.
ExxonMobil, on behalf of the PNG LNG Project participants, is negotiating with a number of other parties for potential mid-term LNG supply agreements in lieu of spot sales. These agreements are expected to be concluded in the near-term and increase sales under new mid-term agreements to 1.3 mtpa.
Santos has a 13.5% interest in PNG LNG.
Ends.
Media enquiries Daniela Ritorto +61 8 8116 5167 / +61 (0) 455 319 770 [email protected]
Investor enquiries Andrew Nairn +61 8 8116 5314 / +61 (0) 437 166 497 [email protected]
Santos Limited ABN 80 007 550 923 GPO Box 2455, Adelaide SA 5001 T +61 8 8116 5000 F +61 8 8116 5131 www.santos.com
Page 1 of 1