Posted in | News | Natural Gas

Santos to Supply Natural Gas To Gladstone LNG

Santos Ltd has signed an agreement to supply conventional natural gas from its interests in the Cooper Basin to its proposed joint venture in Queensland, the Gladstone Liquefied Natural Gas (GLNG) plant. The joint venture is owned by Santos, Petronas from Malaysia and Total from France.

Santos and its joint venture partners received environmental approval for the GLNG plant from the Australian Government on Friday. The company said on Monday that it would supply 750 petajoules of gas over 15 years from Santos' un-contracted Cooper Basin P2 reserves.

The supply would begin in 2014 and the price of the gas would be linked to crude oil prices as per Santos Chief Executive Officer David Knox. The agreement would help in opening an export channel for Cooper gas and accelerate its monetisation.

Mr Knox also said that the oil linked pricing will underwrite future investment in the Cooper Basin and unlock the potential of the Basin's remaining substantial resources. Santos' partners in the South Australian Cooper Basin joint venture include Beach Energy and Origin Energy.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Santos Ltd.. (2019, March 19). Santos to Supply Natural Gas To Gladstone LNG. AZoMining. Retrieved on October 13, 2024 from https://www.azomining.com/News.aspx?newsID=876.

  • MLA

    Santos Ltd.. "Santos to Supply Natural Gas To Gladstone LNG". AZoMining. 13 October 2024. <https://www.azomining.com/News.aspx?newsID=876>.

  • Chicago

    Santos Ltd.. "Santos to Supply Natural Gas To Gladstone LNG". AZoMining. https://www.azomining.com/News.aspx?newsID=876. (accessed October 13, 2024).

  • Harvard

    Santos Ltd.. 2019. Santos to Supply Natural Gas To Gladstone LNG. AZoMining, viewed 13 October 2024, https://www.azomining.com/News.aspx?newsID=876.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.