Allens has advised Santos on an LNG sale and purchase agreement (SPA) with Diamond Gas International Pte Ltd for the supply of LNG from the Barossa project, Australia.
The long-term SPA is for the supply of 1.5 million metric tonnes per annum of Santos equity LNG over an initial period of 10 years with extension options.
The SPA is strategically important for Santos as it underpins the development of the Barossa project and is Santos' first long-term sale of equity LNG from one its major LNG projects.
'We are delighted to have worked with the Santos LNG marketing team on this agreement and to support Santos' continued growth in the LNG and natural gas sector,' said lead Partner Tracey Greenaway.
'With global demand for gas projected to grow at a steady rate in coming years, and with the important role it is predicted to play as a transition fuel to renewable energy, we expect activity in this sector to go from strength to strength.'
Allens legal team
Projects & Development
Tracey Greenaway (Partner), Anne Beresford (Senior Associate), Kate Strachan (Associate) and Terence Zhou (Lawyer).