Woodside signs LNG deal with Pertamina

Woodside Petroleum Ltd. subsidiary Woodside Energy Trading Singapore Pte. Ltd. has signed a long-term LNG sale agreement with Indonesia’s PT Pertamina (Persero) for the supply of LNG beginning in 2019.

The deal is for Woodside to build up supply from 2019 to about 600,000 tonnes/year by 2022 and continue that quantity until 2034. The company also has the option to increase the supply to about 1.1 million tpy from 2024 to 2038.

Woodside intends to source the LNG from its global portfolio. The agreement means that Woodside will become a significant LNG supplier to Indonesia.

Chief Executive Officer Peter Coleman said the company’s record as a reliable supplier as well as the close proximity of its sources of LNG to Indonesia were key factors in clinching the deal.

Coleman added Woodside is keen to become a buyer of choice as more regional LNG buyers enter the market in the near future.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...