Santos Signs Preliminary Long-Term LNG Supply Agreements
Source Summary
Santos signed a preliminary agreement to supply liquefied natural gas to a South Korean industrial customer. The company also signed a preliminary offtake agreement for gas from the proposed Ksi Lisims LNG project in Canada, intended for the Asian market.
Why it matters
These preliminary agreements position Santos to expand LNG supply contracts in Asia, a key growth market for the company's liquefied gas business.
What remains uncertain
The agreements are preliminary and subject to final negotiation and execution.
