Santos and its GLNG joint venture partners have agreed to supply 30 petajoules (PJ) of gas to the east coast domestic market over 2018 and 2019.
“Over the last few months, Santos has been working constructively with the Federal Government and our GLNG partners to supply additional gas to the east coast domestic market,” said Santos Managing Director and Chief Executive Officer Kevin Gallagher.
The Company believes that the 30 PJ is a material volume of gas which could power a 228 MW power station or 330,000 homes over the two year period. It is further proof of the Company’s readiness to work with its partners in responding to market dynamics and meeting local gas demand.
“As an Australian company we are committed to improving energy reliability and affordability for all Australians, both householders and industry,” Mr Gallagher added. “We have been producing and marketing domestic gas for many years, and we have the capacity to leverage our various assets and partnerships to ensure this energy security.”
Subsequent to the arrangements, Santos also announced the delivery of up to 72 PJ of gas over four years into the south-east market through a swap agreement and the sale of 15 PJ to the Pelican Point Power Station in South Australia.