Santos Expands Asian Portfolio with POSCO Deal and Canadian LNG Acquisition

Santos, an Australian energy company, has expanded its portfolio with deals in Asia. The company agreed on commercial terms to supply liquefied natural gas (LNG) to POSCO Steel for ten years.

The deal allows Santos to strengthen its business relationship with Asia through long-term contracts and provides POSCO with a way to guarantee its energy supply for the next decade.

Santos is also seeking 1 million tons of Canadian LNG annually from the Ksi Lisims LNG project, which would be supplied under the free on board (FOB) modality in British Columbia.