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Woodside signs long-term LNG supply

Woodside Energy and Uniper Global Commodities SE (Uniper) have signed a heads of agreement (HOA) for the supply of LNG from Woodside’s portfolio over a 13-year period, commencing in 2021.

The agreement will build on the previous LNG supply arrangements between Woodside and Uniper as the companies look to strengthen their positions in the global gas market.

Initially, the LNG supplied will be a quantity of up to 0.5 million t per annum, increasing to 1 million t per annum from 2025 if the Scarborough LNG project goes ahead.

Woodside CEO Peter Coleman said the HOA is another strong signal of market support for Woodside’s plans to expand the Pluto LNG facility in Western Australia said.

“The addition of a second LNG production train at Pluto, to be supplied with gas from the Scarborough offshore field development, is a key element of the proposed Burrup Hub,” said Mr Coleman.

Uniper CEO Keith Martin said the deal demonstrates Uniper’s commitment to expanding its portfolio within the Asia-Pacific region.

The HOA remains conditional upon; the negotiation and execution of a fully termed LNG sale and purchase agreement; the obtainment of all necessary approvals; and a final investment decision on the Scarborough development.

For more information visit the Woodside Energy website.

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