Santos Signs 10-Year LNG Supply Deal with POSCO Steel Co., Ltd.
Australia's Santos has agreed to supply South Korea's POSCO Steel Co., Ltd. with liquefied natural gas (LNG) under a proposed 10-year deal.
The LNG will be sourced from Santos' global portfolio and delivered ex ship, starting in either 2030 or 2031 on a DES basis.
This long-term supply contract is part of Santos' strategy to optimize its portfolio through contracts like this one.