Woodside signs LNG supply agreement ...

Woodside Petroleum Ltd.’s trading arm, Woodside Energy Trading Singapore Pte. Ltd., has signed a heads of agreement with Uniper Global Commodities for the supply of LNG from Wooodside’s portfolio for 13 years starting in 2021.

The volume will initially be up to 500,000 tonnes/year, increasing to 1 million tpy from 2025.

The HOA, signed at the Gastech forum in Houston, builds on previous LNG supply arrangements between the two companies.

Woodside Chief Executive Officer Peter Coleman said the agreement is another strong signal of market support for the company’s plans to expand the Pluto LNG facility of the Burrup peninsula, Western Australia. The addition of a second LNG train at Pluto will be supplied by gas from the proposed Scarborough field development on the Exmouth Plateau.

The agreement is conditional upon the negotiation and execution of a fully termed LNG sale and purchase agreement as well as obtaining all necessary approvals. With respect to the additional supply from 2025, the agreement depends on a final investment decision on the Scarborough development.