Woodside Energy to Supply 2 MTPA LNG to Uniper
- Business Companies Oil and Gas World
Global Business Magazine- 4 minutes read
Australia’s Woodside Energy on Wednesday said that it has signed two LNG sale and purchase agreements (SPAs) with German firm Uniper for supplying one million tonnes per annum (MTPA) each from Louisiana LNG and from Woodside’s global portfolio respectively.
The agreements span up to 13 years from Louisiana LNG’s commercial operations date, with the portfolio supply extending until 2039. The deal marks an important step toward the final investment decision (FID) for the Louisiana LNG project, Woodside’s largest growth initiative.
The project involves a three-train 16.5 MTPA foundation development, strengthening Woodside’s position in both Atlantic and Pacific basins. The arrangement will enhance Europe’s energy security, particularly supporting Uniper’s flexible generation strategy and potential gas-fired power plant developments in Germany.
The SPAs are subject to Woodside’s FID on the three train 16.5 MTPA foundation development of Louisiana LNG.
Important Milestone
Woodside CEO Meg O’Neill said that these agreements represent another important milestone to move Louisiana LNG towards a final investment decision. 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.
“Louisiana LNG is Woodside’s largest growth project. It leverages the robust US gas resource, an outstanding site, best-in-class EPC and technology partners and Woodside’s track record of successful 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,” she said.
He further said that as they continue to progress sell-down opportunities for Louisiana LNG, these agreements reinforce the project’s unique advantages and its economic competitiveness.
Uniper’s leadership in European energy markets make them an ideal counterparty, and this builds on Woodside’s existing offtake arrangements, underscoring its shared commitment to delivering value for all companies and the economies in which each operate.
“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 said.
Uniper CEO Michael Lewis said that they were pleased to secure additional LNG supplies for Uniper’s customers in Europe from a reliable LNG supplier like Woodside.
This deal will support their security of supply and flexible generation strategy together with the potential development of additional gas-fired power plants in Germany to complement the renewable build-up.
“With this new project in Louisiana, we are further extending the cooperation with Woodside. Long-term LNG contracts like this contribute directly to the competitiveness of European industry. Reliable and cost-effective energy supply is a cornerstone of a strong industrial base, and deals like this help ensure our customers can count on both,” he added.
