Shizuoka Gas Co., Ltd. (Representative Director and President (COO) : Yoshitake Matsumoto) signed an LNG Sale and Purchase Agreement (SPA) with Santos SG Trading Pte. Ltd., a subsidiary of Santos, an Australian energy company, on December 12th.
Shizuoka Gas Group announced its 2050 Carbon Neutral Vision*1 in August 2021, outlining a roadmap towards the carbon neutrality. Shizuoka Gas Group is committed to achieving low carbonization by stable procurement of natural gas and shift to natural gas which plays important roles during the energy transition period.
Agreement Overview
|
Seller |
Santos SG Trading Pte. Ltd. (Subsidiary of Santos Limited) |
|
Buyer |
Shizuoka Gas Co., Ltd. |
|
Contract Period |
Long-term contract commencing in the early 2030s |
|
Contract Quantity |
Approximately 0.35 million tonnes per annum |
|
Supply Source |
Portfolio supply |
|
Delivery Terms |
DES (Delivered Ex Ship*2) |
*1 https://www.shizuokagas.co.jp/about/2050cnvision/index.html (Japanese Only)
*2 Seller arranges for a shipping vessel to transport goods to the port of discharge.
Company Overview
1. Santos Limited
|
Company Name |
Santos Limited |
|
Headquarters |
Adelaide, South Australia, Australia |
|
Representative |
Kevin Gallagher |
|
Established |
March 1954 |
|
Business Lines |
Exploration and production of oil and natural gas |
|
Major LNG Projects Santos Holds Interests In |
|
|
Major Santos Decarbonization Projects |
|
|
Website |
2. Santos SG Trading Pte. Ltd. (Subsidiary of Santos Limited)
|
Company Name |
Santos SG Trading Pte. Ltd. |
|
Headquarters |
Singapore |
|
Established |
2023 |
|
Business Lines |
Marketing, trading, shipping of oil and LNG |