The gas, which would otherwise have been exported as LNG, is being sold to east coast customers, including power companies.
“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 CEO Kevin Gallagher.
“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.”?
The $20.5 billion GLNG development is a JV between Santos (30 per cent) and PETRONAS (27.5 per cent), Total (27.5 per cent) and KOGAS (15 per cent).
These arrangements follow recent announcements for the delivery of 72 PJ of gas over four years into the south east market through a swap arrangement and the sale of 15 PJ of gas to the Pelican Point Power Station in South Australia.