Oil and Gas Firm Santos Taps Japan's Hokkaido Gas for LNG Supply

Tuesday, May 28, 2024

Santos will supply up to about 400,000 tonnes of liquefied natural gas every year for a decade starting 2027 to Japanese energy firm Hokkaido Gas, Australia's second biggest independent oil and gas producer said on Tuesday.

The firms will work on e-methane and carbon sequestration opportunities as global oil and gas companies move towards cleaner forms of energy.

The supply deal comes at a time when the industry executives of the natural gas sector in Australia have been calling for more measures to bring back an investment environment which has been damaged by a slew of state interventions in a bid to curb rising energy prices and boost domestic supply.

The deal demonstrates strong demand for high heating value LNG from Santos' major projects such as Barossa and PNG LNG.

Australia's government in May put out a strategy to boost natural gas development despite the country's commitment to net zero carbon emissions by 2050, indicating soaring demand from Asian partners.


(Reuters - Reporting by Roshan Thomas in Bengaluru; Editing by Nivedita Bhattacharjee)

Categories: LNG Industry News Activity Asia Oil and Gas

Related Stories

Yinson Production Closes $1B Investment to Drive Further Growth

Fugro Expands Geotechnical Testing Capabilities in Indonesia

ABL Lands Work on BP’s Indonesian Gas and CCUS Project

CNOOC Starts Production at Offshore Field in South China Sea

MODEC, Carbon Clean to Advance FPSO-Mounted Carbon Capture Tech

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Woodside Inks Long-Term LNG Supply Deal with China Resources

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

Current News

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Yinson Production Closes $1B Investment to Drive Further Growth

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

Wood JV Gets EPC Job for Shell off Brunei

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com