Woodside, Petronas sign non-binding LNG supply deal

Woodside Energy and Petronas, through its subsidiary Petronas LNG Ltd. (PLL), signed a non-binding heads of agreement (HOA) for the supply of 1 million tonnes/year (tpy) of LNG to Malaysia from 2028 for a period of 15 years.

The LNG would be supplied from Woodside’s global portfolio and may include the recently approved Louisiana LNG project in the United States, the companies said in a joint release June 18.

Woodside in April make a final investment decision (FID) to develop the three-train, 16.5 million tpy Louisiana LNG development, targeting first LNG in 2029.

The development has expansion capacity for two additional LNG trains and is fully permitted for a total capacity of 27.6 million tpy. 

The companies are now working to convert the HOA into a sales and purchase agreement.