Santos Limited and the other South West Queensland Gas Producers have, in principle, secured sales of a combined total of up to 17 petajoules (PJ) in 2004.These new sales are with TXU Electricity Limited (TXU) and Origin Energy Retail Ltd (Origin).
The new gas sales to TXU are the first direct sales from the Cooper Basin to this increasingly important customer for Santos. The new sales to Origin strengthen the existing relationship with this long term customer.
This is a good outcome for Santos as the new contracts expand the high-quality Cooper Basin customer base, said Santos Managing Director, Mr John Ellice-Flint.
Santos interest in these sales is 60.1%.
Santos Limited is a major Australian oil and gas exploration and production company with interests in all Australian hydrocarbon provinces. The Santos Group also operates in the USA, Indonesia and PNG.