LNG player Woodside said that it has executed a memorandum of understanding with India’s Adani Enterprises.
The MoU was signed at a ceremony in Gujarat, attended by senior company representatives and Andrew Robb, Australia’s Minister for Trade and Investment.
Under the terms of the non-binding MoU, Woodside and Adani agree to cooperate in identifying, investigating and developing potential business arrangements and commercial initiatives.
Woodside CEO and Managing Director Peter Coleman said that the MoU marked a significant milestone in strengthening relations between the two companies.
According to Coleman, Woodside sees India as an important emerging LNG market in which the company sees enormous supply potential as infrastructure is developed.
The MoU was signed by Adani Chairman Gautam Adani and Woodside’s CEO and Managing Director Peter Coleman.
Press Release; Image: Woodside