Santos signs gas supply deal to support green iron at Whyalla Steelworks

Santos will supply gas from 2030 to help Whyalla Steelworks transition to green iron. This deal aims to halve emissions and protect local industrial jobs.

Insights:
Santos Limited has signed a 10-year agreement with the South Australian government to supply 20 petajoules of gas annually from its Cooper Basin assets, a volume representing approximately 30% of the company's current production output from that region. The contract, announced on February 20, 2026, is scheduled to begin in 2030 and is designed to support the transformation of the Whyalla Steelworks in Australia AUAU into a low-emissions green iron facility using direct reduced iron technology.
A Santos logo is seen outside the company's headquarters in Adelaide, Australia, on September 18, 2025. REUTERS/Hollie Adams//File Photo
A Santos logo is seen outside the company's headquarters in Adelaide, Australia, on September 18, 2025. REUTERS/Hollie Adams//File Photo
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