Commodities
Santos Lands Two LNG Deals with POSCO Steel and Western LNG
Australia's Santos has signed two separate liquefied natural gas (LNG) agreements. The company will supply LNG to POSCO Steel on a 'delivered ex ship' basis for 10 years, sourced from Santos' global portfolio, starting in either 2030 or 2031.
The second agreement involves the purchase of about 1 million metric tons per annum (mtpa) of LNG from the proposed Ksi Lisims project in British Columbia. This will be on a 'free-on-board' basis for up to 20 years, commencing around 2031.