Australia's Santos to supply Japan's Shizuoka with LNG

Shizuoka Gas

12/12/2024 09:25

Dec 12 (Reuters) - Santos  STO.AX , Australia's No.2
independent oil and gas producer by market cap, said on Thursday
it signed a deal to supply Japanese gas distributor Shizuoka Gas
 9543.T  with liquefied natural gas (LNG).
    Starting from 2032, Santos will supply Shizuoka between 0.35
and 0.4 million tonnes of LNG every year for 12 years, the
company said in a statement.
    "The agreement underscores Santos' commitment to providing
reliable, cost-competitive energy within the Asia Pacific
region," the company said.
    In May, the Australian government introduced a plan to
enhance natural gas development, highlighting strong demand from
Asian partners despite the nation's pledge to achieve net-zero
carbon emissions by 2050.

 (Reporting by Roshan Thomas in Bengaluru; Editing by Savio
D'Souza)
 ((Roshan.Thomas@thomsonreuters.com;))