Woodside Energy Trading Singapore Pte Ltd has announced that it has entered into a long-term LNG sale and purchase agreement (SPA) with PT Pertamina (Persero) for the supply of LNG, starting in 2019.
Woodside Singapore has committed to supply initial ramp up quantities building to approximately 0.6 million tpy from 2022 to 2034. The company has the option to increase the supply to approximately 1.1 million tpy from 2024 to 2038.
Under the agreement, LNG will be sourced from Woodside’s global portfolio.
Woodside CEO, Peter Coleman, said: “Our track record as a reliable supplier of LNG and the proximity of our key sources of LNG to Indonesia were key to achieving this deal. As more regional buyers enter the market, we are well placed to become the supplier of choice.”
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/06062017/woodside-and-pertamina-ink-lng-spa/