Under the LNG Netback Supply Agreement, Tourmaline will deliver gas to the ANR SE trading hub in southeast Louisiana, US. The contract is based on Dutch Title Transfer Facility (TTF) pricing, providing Tourmaline with international price exposure.
The agreement comes months after Uniper signed a separate LNG sale-and-purchase agreement for up to 2 million tpy with Woodside Energy. That transaction included LNG supply commitments for 1 million tpy from Woodside’s US-based Louisiana LNG production and export terminal, which is currently under development.
Carsten Poppinga, Chief Commercial Officer, Uniper SE said the agreement with Tourmaline leverages Uniper’s global energy trading capabilities and expertise in LNG markets to the benefit of both parties. He said it also represents an important expansion of Uniper’s supply sourcing capacity in North America.