Commonwealth LNG, Woodside finalise LNG pact
US LNG developer Commonwealth LNG and Australian energy company Woodside Energy have finalised an LNG deal by converting their non-binding heads of agreement (HoA) into two binding LNG sale and purchase agreements (SPAs), the companies said on September 5 in a joint statement.
The SPAs are for the supply of up to 2.5mn metric tons/year of LNG over 20 years from Commonwealth’s LNG export facility under development in Cameron Parish, Louisiana. Key terms in the HoA, announced in January this year, remain unchanged in the binding SPAs, with first deliveries expected to begin in mid-2026.
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The SPAs will become fully effective upon the satisfaction of customary conditions, including an affirmative final investment decision on the project, the companies said.