Santos mulling LNG trading JV with ENN

Santos mulling LNG trading JV with ENN
Image courtesy of Santos

Australia’s Santos said it has entered discussions with ENN to establish an LNG trading joint venture in order to tap into the increasing LNG demand in the Chinese and international markets. 

ENN, one of the largest natural gas distributors in China, holds a 10.31 percent share in Santos and already has a strategic relationship with the Australian LNG player, agreed in June last year.

Under the strategic relationship, the companies will focus on the joint investment in gas exploration and liquefied natural gas (LNG) production in Australia and Papua New Guinea.

The new joint venture between Santos and ENN aims to provide both companies increased access to LNG markets and provide Santos access to ENN’s Zhoushan import terminal in China which is expected to be commissioned in the second half of 2018. the facility will have a 3 mtpa import capacity.

A definitive JV agreement is expected in the second quarter of 2018, Santos said in a statement.

Share this article

Follow LNG World News

Posted on February 21, 2018 with tags , .


<< Sep 2019 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >