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1、A clear pathway to net zero emissions by 2040Annual Report 2020Santos Limited ABN 80 007 550 923This Annual Report 2020 is a summary of Santos operations,activities and fjnancial position as at 31 December 2020.All references to dollars,cents or$in this document are to US currency,unless otherwise s
2、tated.An electronic version of this report is available on Santos website, Santos Corporate Governance Statement can be viewed at: Cover image:Santos has a number of natural advantages to deliver carbon capture and storage at scale and zero-emissions hydrogen from our position in the Cooper Basin.CO
3、NTENTS1 About Santos2 Financial Overview4 Message from the Chairman and from the Managing Director and Chief Executive Offjcer6 Board of Directors9 Santos Leadership Team12 Reserves Statement16 Directors Report31 Remuneration Report59 Financial Report133 Directors Declaration134 Independent Auditors
4、 Report140 Auditors Independence Declaration141 Securities Exchange and Shareholder Information143 Glossary144 Corporate DirectorySantos Annual Report 2020/1About SantosAn Australian energy pioneerA proudly Australian company,Santos is a leading supplier of natural gas,a fuel for the future,providin
5、g clean energy to improve the lives of people in Australia and Asia.Santos is already Australias biggest domestic gas supplier,a leading AsiaPacifjc LNG supplier and aims to be a world-leading clean fuels company,achieving net zero emissions by 2040.Santos will grow its clean fuels capability as cus
6、tomer demand evolves for zero-emissions LNG,hydrogen and other products through carbon capture and storage,nature-based ofgsets,energy effjciency and use of renewables in its operations.Underpinned by a diverse portfolio of high-quality natural gas,oil and strategic infrastructure assets in the Coop