Woodside Energy Trading Singapore Pte Ltd (Woodside) has entered into a long-term sale and purchase agreement (SPA) with Uniper Global Commodities SE (Uniper) for the supply of LNG from Woodside’s global portfolio for a term of 13 years commencing in 2021.

The quantity of LNG to be supplied under the SPA will initially be up to 0.5 million tonnes per annum (Mtpa), increasing to approximately 1 Mtpa from 2025. Supply from 2025 is conditional upon a final investment decision on the Scarborough development.

Execution of the SPA follows the signing of a heads of agreement (HOA) between Woodside and Uniper in September 2019.

About Woodside

Woodside (ASX: WPL, OTC: WOPEY) is Australia’s largest independent oil and gas company, with a proud history of safe and reliable operations spanning decades.
As the largest operator of oil and gas in Australia, Woodside produces around 900,000 barrels of oil equivalent each day from a portfolio of facilities which we operate on behalf of some of the world’s major oil and gas companies.

About Uniper

Uniper is a leading international energy company with operations in more than 40 countries and around 12,000 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.