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SANTOS LIMITED — Capital/Financing Update 2019
Apr 1, 2019
65872_rns_2019-04-01_8e796b0f-2b53-4cab-921c-e22be46bb86c.pdf
Capital/Financing Update
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ASX / Media Release
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2 April 2019
PNG LNG signs mid-term sales agreement with Unipec
Santos advises that the PNG LNG Project co-venturers have entered into a mid-term LNG sale and purchase agreement (SPA) with Unipec Singapore, a wholly-owned subsidiary of Sinopec, for the supply of LNG commencing in April 2019.
The mid-term SPA with Unipec is for supply of approximately 0.45 million tonnes of liquefied natural gas (LNG) per annum (mtpa) over a four-year period.
This SPA takes the total contracted volumes from the Project to 7.9 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, and 1.3 million tonnes under mid-term SPAs with PetroChina, BP and Unipec.
Santos has a 13.5% interest in PNG LNG.
Ends.
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
Investor enquiries Andrew Nairn +61 8 8116 5314 / +61 (0) 437 166 497 [email protected]
Media enquiries Daniela Ritorto +61 8 8116 5167 / +61 (0) 455 319 770 [email protected]
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