Woodside inks long-term LNG supply deal with Pertamina

LNG tanker carrying a cargo from the North West Shelf project (Image courtesy of Woodside)

Australian LNG operator Woodside has signed a long-term agreement to supply liquefied natural gas to Indonesia’s Pertamina.

The LNG supplies to state-owned Pertamina will start in 2019.

Woodside Singapore, a unit of Woodside, has committed to supply initial ramp up quantities building to about 0.6 million mt per year from 2022 to 2034. The company has the option to increase the supply to approximately 1.1 million mt per annum from 2024 to 2038, according to a Woodside statement.

LNG to be supplied to Pertamina under the sale and purchase agreement will be sourced from Woodside’s global portfolio with the company saying it would result in Woodside becoming a significant supplier of the chilled fuel to Indonesia.

Woodside Chief Executive Peter Coleman welcomed the finalisation of the deal in a competitive LNG market.

“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,” he said.

 

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 >