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  • Commonwealth LNG signs agreements with Woodside
    édité le 05/09/2022 - Plus de news de "Woodside Energy" - Voir la fiche entreprise de "Woodside Energy"


Commonwealth LNG signs agreements with Woodside
Commonwealth LNG, a subsidiary of Commonwealth Projects (Commonwealth), and Woodside Energy Trading Singapore Pte Ltd, a subsidiary of Woodside Energy Group Ltd (Woodside), are pleased to announce the conversion of their non-binding heads of agreement (HOA) into two binding LNG Sale and Purchase Agreements (SPAs), signed 2 September 2022.

The SPAs are for the supply of up to 2.5 million tonnes per annum (Mtpa) of LNG over 20 years from Commonwealth’s LNG export facility under development in Cameron Parish, Louisiana. Key terms in the HOA previously announced on 19 January 2022 remain unchanged in the binding SPAs, with first deliveries expected to commence in mid-2026. The SPAs will become fully effective upon the satisfaction of customary conditions including an affirmative final investment decision on the project.

“We’re very pleased to have Woodside involved in our project,” said Commonwealth Executive Chairman Paul Varello. “Woodside is known throughout the LNG industry for its keen technical capabilities and commercial agility. These SPAs establish Woodside as a cornerstone customer and mark a major milestone in the development of Commonwealth LNG.”

Commonwealth President and CEO Farhad Ahrabi added: “Our modular construction approach allows Commonwealth LNG to provide greater cost and schedule certainty to customers as we deliver affordable, reliable, cleaner energy to meet global demands. We’re proud to have an international LNG customer of Woodside’s stature recognize these advantages and show this level of commitment.”

Woodside CEO Meg O’Neill said the agreements provided the basis for a long-term partnership with Commonwealth LNG.

“The agreements secure for Woodside low-cost LNG volumes in the Atlantic Basin in a period of expected strong demand as Europe seeks alternatives to Russian pipeline gas,” she said.

About Woodside Energy

Woodside is a global energy company, proudly Australian with a spirit of innovation and determination. Woodside provides energy that the world needs to heat homes, keep lights on and support industry. The company aims to thrive through the global energy transition with a low-cost, lower-carbon, profitable, resilient and diversified portfolio.

About Commonwealth LNG

Commonwealth LNG is an 8.4 Mtpa liquefied natural gas (LNG) export terminal project located on the Calcasieu River at the Gulf of Mexico near Cameron, Louisiana. The project’s leadership team is committed to building a world-class LNG facility by staying relentlessly focused on managing risk and lowering capital cost.


Origine : Communiqué Woodside Energy

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