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AsianOil: Santos strikes LNG supply deal with Japan's Hokkaido Gas

Australia’s second-largest gas producer Santos announced on May 28 it had signed a binding deal to supply 0.4mn tonnes per year (tpy) of LNG to Japan’s Hokkaido Gas over a ten-year period.

The supply will be sourced by Santos’ global portfolio, and will start in 2027 with delivery on an ex-ship basis, the company said in a statement. Santos has interests in the Barossa and Gladstone LNG terminals in Australia and the PNG LNG project in Papua New Guinea.

Hokkaido Gas will bring the gas ashore at Japan’s Ishikari LNG terminal and distribute it in the Hokkaido region.

Santos CEO Kevin Gallagher said the deal was in line with the company’s strategy of maintaining long-term LNG pricing, demonstrating strong demand for high heating value LNG from projects such as Barossa and PNG LNG.

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