Santos expands Asia-Pacific LNG portfolio with Canadian supply and 10-year POSCO deal

Santos has signed a 10-year LNG supply agreement with South Korea's POSCO and is negotiating to purchase 1 mtpa from a Canadian LNG project on the northwest coast, diversifying its Asia-Pacific portfolio. The deal signals continued long-term demand for LNG in Asia despite energy transition pressures, and underscores Canada's emergence as a lower-carbon LNG supplier. The Canadian agreement is proposed, not final, so volumes and timing remain uncertain.