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Australia's Woodside Petroleum signs LNG supply deal with RWE

Woodside Petroleum said it had signed an agreement to supply LNG to wholesale energy trader RWE Supply & Trading GmbH for a term of seven years, starting in 2025.

The agreement, signed through unit Woodside Energy Trading Singapore Pte, is for supply of 0.84 million tonnes of LNG per year from the company’s global portfolio.

Australia’s biggest independent gas producer says the agreement underscores expectations of strong market demand for LNG in the second half of the decade.

Woodside said customers were seeking new energy supplies in a timeframe that supports development of its Scarborough project, as well as expansion of its Pluto facility.

By the second half of 2021, a final investment decision is expected on Woodside’s Scarborough gas project in Western Australia, as well as for expansion of its Pluto LNG processing train.

“This agreement with RWE is another demonstration of the momentum we are gathering ahead of our targeted FID on Scarborough and Pluto Train 2 in the second half of this year,” said Meg O’Neill, executive vice president of development and marketing.

In October, Woodside and the Germany-headquartered RWE had also signed a memorandum of understanding to discuss mutually beneficial hydrogen-related opportunities.


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Editorial Comment: H2Tech
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This year, the Gulf Energy Information family expands with the introduction of H2Tech, the first technical publication devoted entirely to applications and trends for the hydrogen community worldwide.
Regional Focus: Developing LNG infrastructure for West Africa’s gas-to-power push
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In West Africa, governments have embraced the use of gas as a low-carbon fuel to increase electricity generation, which is creating additional demand for LNG.


GasPro 2.0: A Webcast Symposium

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Following the successful GasPro Webcast Symposium in October 2019, the third GasPro Webcast Symposium will take place on October 21, 2020.

The 2019 webcast drew attendees from around the world, with more than 80% of the audience working in company management or engineering divisions.

The 2020 web event will gather experts in the fields of LNG, gas processing and process safety to share market, operations and engineering technology and trends with our audience.

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October 21, 2020 08:30 AM CDT

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