Santos Limited entered into a long term deal with Brickworks

Santos Limited (ASX:STO) announced that it had agreed on binding terms to extend its current gas supply agreement with Brickworks to December 2024. The new contract will start in January 2025 and will cover supply to Brickworks’ east coast operations for further 11 years, with the potential for additional chances to extend beyond that. The agreement will give long-term security of reasonable gas supply for Brickworks and support Santos’ investment in more gas supply for the east coast market.

The company’s Chief Executive Officer and Managing Director said that this contract would see Santos delivering up to 35 petajoules of natural gas to Brickworks at economical, stable, CPI-linked prices for 11 years from 2025, with the potential for further extensions beyond that.

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