Woodside has signed a sale and purchase agreement (SPA) with CPC Corporation, Taiwan (CPC) for the long-term supply of liquefied natural gas (LNG) to Taiwan.

Under the SPA, Woodside will supply approximately 6 million tonnes of LNG on a delivered basis over 10 years, commencing in July 2024.

Woodside may also deliver approximately 8.4 million tonnes of LNG to CPC for a further 10 years, from 2034 o 2043, subject to conditions and agreement on terms for this period.

LNG delivered to CPC under the SPA will be sourced from volumes across Woodside’s global portfolio.

Woodside CEO Meg O’Neill welcomed the SPA, the company’s first long-term agreement for sales to Taiwan.

“This agreement with CPC for long-term supply to Taiwan is a first for Woodside and another demonstration f the ongoing demand for Australian LNG in Asian markets. It also reinforces the value our customers place n Woodside’s ability to maintain safe and reliable supply of energy into the 2030s.”

About Woodside Energy

Woodside Energy is a global energy company, founded in Australia with a spirit of innovation and determination. We provide energy the world needs to heat and cool homes, keep lights on and enable industry. For more than 35 years, the North West Shelf has been delivering natural gas to customers in Australia and around the world.
We understand the importance of supporting strong local content, economic outcomes, positive social contribution impacts, and sustainable local supply chains that deliver benefits to our host communities. Woodside Energy, as operator of the North West Shelf Project and Pluto LNG, continues to focus on safe and reliable operations and the delivery of community development outcomes.

About CPC

CPC is Taiwan’s state-owned oil and gas company. It is responsible for supplying sufficient energy to the omestic market. CPC’s business areas include oil and gas exploration and production, refining, etrochemicals, lubricants, solvents and chemicals. It is also Taiwan’s sole importer and supplier of natural as.