Woodside has signed a long-term LNG supply deal with a Chinese utility company.
Through a sale and purchase agreement (SPA) with China Resources Gas International Ltd. (China Resources), Woodside will supply about 0.6 million tonnes/year (tpy) of LNG over 15 years on a delivered basis, beginning in 2027.
Woodside executive vice-president and chief commercial officer Mark Abbotsford said the the agreement is the company’s fourth for long-term LNG sales into Asia since the start of 2024.
“This marks the first time Woodside on a standalone basis has signed a long-term sale agreement with a customer in China, Asia’s largest consuming market for LNG. And it is the first time China Resources has signed an agreement to procure LNG over a period of 15 years,” Abbotsford said.
