Woodside has announced the signing of two significant LNG sale and purchase agreements with Uniper, further demonstrating the strong ongoing global demand for liquefied natural gas. Under the agreements, Woodside will supply 1.0 million tonnes per annum from Louisiana LNG LLC and up to an additional 1.0 Mtpa from its global portfolio through Woodside Energy Trading Singapore Pty. Ltd.
Woodside CEO Meg O’Neill described the agreements as an important milestone towards the final investment decision for the Louisiana LNG project.
“We are delighted to advance our longstanding relationship with Uniper through these milestone supply agreements. 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,” O’Neill said.
She highlighted that Louisiana LNG is Woodside’s largest growth project, benefiting from robust US gas resources, a prime site, best-in-class EPC and technology partners, and Woodside’s proven capability in project delivery.
“The addition of Atlantic Basin LNG supply to our established position in the Pacific strengthens Woodside’s portfolio and allows us to tailor contract structures based on various price indices and tenures to better meet our customers’ diverse needs,” O’Neill continued.
She also noted that the agreements reinforce the project’s unique advantages and its economic competitiveness while praising Uniper’s leadership in European energy markets as making them an ideal counterparty.
“In an environment of increasing demand for dependable sources of LNG, particularly in Europe, we remain focused on delivering reliable energy supply that will benefit our partners and stakeholders for years to come,” she added.
Uniper CEO Michael Lewis also welcomed the agreements, emphasising the importance of securing long-term LNG supply for Europe’s energy security and industrial competitiveness.
“We are very pleased to secure additional LNG supplies for our customers in Europe from a reliable supplier like Woodside. This deal will support our security of supply and flexible generation strategy, along with the potential development of additional gas-fired power plants in Germany to complement the renewable build-up,” Lewis said.
He further added that the new agreements strengthen Uniper’s cooperation with Woodside and are vital for ensuring a reliable and cost-effective energy supply, a cornerstone of a strong European industrial base.
Under the agreements, Louisiana LNG LLC will supply 1.0 Mtpa of LNG on a free-on-board basis for up to thirteen years from the project’s commercial operations date. In addition, Woodside Energy Trading Singapore Pty. Ltd. will deliver up to 1.0 Mtpa into Europe on a delivered ex-ship basis, commencing with Louisiana LNG’s COD and continuing until 2039. Both agreements are subject to Woodside’s final investment decision on the three-train, 16.5 Mtpa foundation development of Louisiana LNG.
For more information visit www.woodside.com
