Woodside, ENN line up LNG supply deal

Woodside, ENN line up LNG supply deal
Image courtesy of Woodside

Australian LNG player Woodside signed a heads of agreement with China’s energy major ENN Group for the sale of 1 million tonnes of LNG per year for a 10-year period. 

The supply of volumes, from Woodside’s portfolio will start in 2025, Woodside said in a statement on Friday.

Woodside CEO Peter Coleman said the HOA builds on an October 2018 cooperation agreement, under which the two companies committed to work together to explore a broad range of potential business opportunities.

“This HOA demonstrates market support for Woodside’s proposals to expand the Pluto LNG facility and develop the Scarborough offshore gas resource as part of our vision for the Burrup Hub in Western Australia,” he said.

Woodside and ENN have built a strategic partnership as both companies pursue growth phases. ENN is aiming to grow its market share in China’s gas distribution and retailing sector, as well as internationally.

The HOA remains conditional upon the negotiation and execution of a fully termed sales and purchase agreement and obtaining all necessary approvals and a final investment decision on Scarborough.

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >