This is your 1 News posts out of 3 that you are entitled to as a guest.

Please sign up for one of our PREMIUM CONTENT SUBSCRIPTIONS to continue your access to Global Energy Infrastructure. 

Woodside and Uniper Sign Agreement for LNG Supply to Europe

Woodside Energy - Press release

Woodside Energy Trading Singapore Pte Ltd has entered into a flexible long-term sale and
purchase agreement (SPA) with Uniper Global Commodities SE for Woodside to supply LNG from
its global portfolio into Europe, including Germany, for a term up to 2039, commencing in January 2023.

The quantity of LNG to be supplied under the new SPA is up to twelve cargoes per year (equivalent to more
than 0.8 million tonnes per annum or one billion cubic meters of natural gas).
Supply from September 2031 is conditional upon Uniper finalising its long-term strategic capacity bookings in
Northwest Europe, expected by March 2023.
Woodside Energy CEO Meg O’Neill said the new agreement built on the company’s existing relationship with
Uniper.
“Woodside is pleased that this latest agreement with Uniper will provide a new source of LNG for consumers
in Europe who are seeking alternatives to Russian gas. It also reflects the increasingly interconnected nature
of LNG trade in the Atlantic and Pacific basins as global markets respond to energy security challenges,” she
said.
Uniper Group CEO Klaus-Dieter Maubach said: “This agreement secures additional LNG supplies for our
customers in Europe, which has become ever more important due to recent developments. It will support our
security of supply strategy together with the development of our LNG terminal in Wilhelmshaven. Woodside
is one of our biggest LNG suppliers in Asia and we are pleased to extend the cooperation with Woodside to
Europe with this deal.”

Related News

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}