Santos commits Narrabri gas for domestic supply in deal with ENGIE
Oil and gas producer Santos on Monday said it will supply utility firm Engie with up to 20 petajoules of natural gas a year from its Narrabri project in New South Wales that has been entirely committed to the Australian domestic market.
Santos has yet to make a final investment decision on the A$3.6-billion project so details including start date and pricing have yet to be agreed.
Earlier this year, Santos received approval from a tribunal to proceed with project, which is expected to ease energy supply constraints on Australia's east coast.
Paris-listed Engie operates wind farms, large-scale batteries and gas-fired power stations, and provides energy services to commercial and industrial customers across Australia.
The supply agreement is subject to Santos making a final investment decision on the project, which it previously said it would make by the end of this year, among other conditions.
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