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The supply will come from Santos’ international portfolio of world-class LNG property on a delivered ex-ship foundation. Santos Managing Director and Chief Executive Officer Kevin Gallagher noted that the contract with Glencore extends their present robust business relationship and presents a useful opportunity for each companies to leverage their experience in Asian LNG markets. “This oil-indexed contract, along with a long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan, highlights Santos’ sturdy LNG portfolio position and buyer relationships in the area. There continues to be robust demand in Asia for high heating worth LNG from tasks such as Barossa and PNG LNG. Santos is committed to supporting the power security of our valued customers throughout Asia,” Mr Gallagher mentioned.

We acknowledge Aboriginal and Torres Strait Islander peoples because the First Australians and Traditional Custodians of the lands the place we stay, learn, and work. Dozens of jobs are anticipated to be lost at Esperance Port in Western Australia’s south after a collection of blows to the state’s mining sector. Brisbane’s worldwide Business News airport is getting a facelift as part of a $5 billion plan to upgrade the area over the following decade. Indonesia’s public rail operator will blacklist perpetrators of sexual violence after a spate of reported attacks on trains.