Woodside signs 13-year LNG agreement with Uniper
Woodside has signed LNG sale and purchase agreements with Uniper for the supply of 1.0 million tonnes per annum (Mtpa) from Louisiana LNG LLC and up to 1.0 Mtpa from its global portfolio (Woodside Energy Trading Singapore Pty. Ltd.), demonstrating ongoing strong demand for LNG globally.
Woodside CEO Meg O’Neill said these agreements represent another important milestone to move Louisiana LNG towards a final investment decision.
“We are delighted to advance our longstanding relationship with Uniper through these milestone supply agreements,” O’Neill said. Uniper’s commitment speaks volumes about Woodside’s track record as a trusted LNG provider, built on decades of delivering reliable and flexible supply solutions for our global partners.
“As we continue to progress sell-down opportunities for Louisiana LNG, these agreements reinforce the project’s unique advantages and its economic competitiveness," she continued.
“We are very pleased to secure additional LNG supplies for our customers in Europe from a reliable LNG supplier like Woodside," said Michael Lewis, Uniper CEO. "This deal will support our security of supply and flexible generation strategy together with the potential development of additional gas-fired power plants in Germany to complement the renewable build-up. Woodside is one of our biggest LNG suppliers globally with a solid track record of deliveries of LNG to us from their existing projects.
“With this new project in Louisiana, we are further extending the cooperation with Woodside. Long-term LNG contracts like this contribute directly to the competitiveness of European industry. Reliable and cost-effective energy supply is a cornerstone of a strong industrial base, and deals like this help ensure our customers can count on both.”
Louisiana LNG LLC will supply 1.0 Mtpa of LNG on a free-on-board basis for up to thirteen years from the commercial operations date (COD) of Louisiana LNG.
In addition, Woodside Energy Trading Singapore Pty. Ltd. will supply up to 1.0 Mtpa of LNG on a delivered ex-ship basis from Woodside’s global portfolio into Europe commencing with Louisiana LNG’s COD over a term until 2039.
The sale and purchase agreements are subject to Woodside’s final investment decision on the three train 16.5 Mtpa foundation development of Louisiana LNG.
