Woodside, Uniper Sign LNG HoA
Woodside Energy Trading Singapore has signed a heads of agreement (HoA) with Uniper Global Commodities for the supply of LNG from Woodside’s portfolio for a period of 13 years starting in 2021, Woodside said September 17.
The quantity of LNG to be supplied will initially be up to 0.5mn metric tons/year, increasing to approximately 1mn mt/yr from 2025. Woodside CEO Peter Coleman said the HoA, signed at Gastech in Houston, builds on previous LNG supply arrangements between Woodside and Uniper and sends a strong signal of market support for company’s plans to expand the Pluto LNG facility in Western Australia.
“Uniper is committed to growing its LNG trading business in both the Atlantic and Pacific basins. This HoA with Woodside, one of Asia-Pacific’s leading LNG producers, is a further demonstration of the expansion of our portfolio in the region,” said Uniper CCO Keith Martin.
The HoA remains conditional upon the negotiation and execution of a fully termed LNG sale and purchase agreement, obtaining all necessary approvals and, with respect to supply from 2025, a final investment decision on the Scarborough development, Woodside said.