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 500 000 tpy, increasing to approximately 1 million tpy 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.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/02012020/woodside-and-uniper-sign-long-term-lng-spa/
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