Woodside and Uniper sign LNG supply deal for Europe

Liquefied natural gas (LNG) tanker in the ocean (woodside europe)
Image: Shutterstock

Australian oil and gas giant Woodside Energy has entered into a flexible long-term sale and purchase agreement with German energy company Uniper for Woodside to supply LNG from its global portfolio into Europe, including Germany, for a term up to 2039, commencing in January 2023.

Related article: Woodside posts first-half profit of $1.64 billion

The quantity of LNG to be supplied under the new SPA is up to 12 cargoes per year (equivalent to more than 0.8 million tonnes per annum or one billion cubic meters of natural gas).

Woodside Energy CEO Meg O’Neill said the new agreement built on the company’s existing relationship with Uniper.

“Woodside is pleased that this latest agreement with Uniper will provide a new source of LNG for consumers in Europe who are seeking alternatives to Russian gas. It also reflects the increasingly interconnected nature of LNG trade in the Atlantic and Pacific basins as global markets respond to energy security challenges,” she said.

Woodside also announced it had inked an LNG deal with Commonwealth LNG for the supply of up to 2.5 million tonnes per annum (Mtpa) of LNG over 20 years from Commonwealth’s LNG export facility under development in Cameron Parish, Louisiana.

Related article: Greenpeace activists block Woodside pipeline shipments

Commonwealth LNG is an 8.4 Mtpa liquefied natural gas (LNG) export terminal project located on the Calcasieu River at the Gulf of Mexico near Cameron, Louisiana.

Previous articleSungrow to supply BESS for GPG’s Cunderdin Project
Next articleEuropean gas prices skyrocket after Russia cuts pipeline