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STO — Santos News Story

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Brief: Santos Executes Gas Sales Agreement With SA Government

BRIEF-Santos Executes Gas Sales Agreement With SA Government

- Santos Ltd STO.AX:

  • SANTOS EXECUTES GAS SALES AGREEMENT WITH SA GOVERNMENT

  • EXECUTES GAS SALE AGREEMENT WITH SOUTH AUSTRALIAN GOVERNMENT FOR 200 PJ OVER 10 YEARS

  • SANTOS TO SUPPLY 200 PJ OF DOMESTIC GAS FOR SOUTH AUSTRALIAN STRATEGIC GAS RESERVE OVER 10 YEARS FROM 2030 TO 2040

  • GAS SALE AGREEMENT TERM 10 YEARS FROM 1 MARCH 2030, 20 PJ PER ANNUM

  • AGREEMENT INCLUDES INDEXED PRICING WITH PREPAYMENT STRUCTURE

  • FIRST GAS DELIVERY UNDER AGREEMENT ON 1 MARCH 2030


Further company coverage: STO.AX


((Reuters.Briefs@thomsonreuters.com;))

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