Santos in Australia gas deal

Australia

ADELAIDE, February 15, 2018 – Santos has inked a long-term agreement to sell gas to fellow Australian company New Century Resources, the operator announced on Thursday.

Over a period of four years, Santos will supply AUD 100 million (USD 78.8 million) worth of gas for New Century’s Mt Isa zinc mine, the statement added.

“Santos is delighted to have been selected to supply gas for New Century’s world class Century Zinc Mine and we’re looking forward to a long-term cooperative relationship with the company,” said Phil Byrne, Santos’ executive vice-president for marketing and trading. “The gas sales agreement we’ve reached is innovative in both its flexibility and pricing, making it commercially attractive for both parties.”