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Santos Managing Director and Chief Executive Officer Kevin Gallagher said the contract with TotalEnergies marks a brand new LNG relationship for Santos, building on its current three way partnership partnerships. Our portfolio is well-balanced over the brief to medium term, with around eighty percent of volumes listed to grease prices and about twenty % uncovered to spot pricing,” Gallagher mentioned. “There continues to be extraordinarily robust demand in Asia for high-heating-value LNG from projects similar to Barossa and PNG LNG, as international locations concentrate on decreasing their carbon emissions. Santos is dedicated to supporting the vitality safety of our valued clients throughout Asia, the place gas will play an important role in decarbonisation efforts all through the area,” Gallagher added.