Santos inks new domestic natural gas deal

Australian LNG player Santos, the operator of the GLNG project, has secured a new domestic natural gas deal with Gold Fields Limited.

Under the agreement, Santos will supply nearly 5.5 petajoules of natural gas from its Varanus Island gas plant to Gold Fields’ three gold mines in Western Australia.

The contract has a three-year term starting on July 1, 2020.

Santos managing director and CEO, Kevin Gallagher said “Santos supplies around 40 per cent of the state’s total domestic demand, and we are committed to ongoing investment in developing new gas supplies in Western Australia.

“In these challenging economic times, we are focussed on ensuring local gas prices remain competitive for Western Australian businesses over the long term” he said.