Woodside, Pertamina pen LNG supply HOA

Woodside, Pertamina pen LNG supply HOA

Woodside Energy Trading Singapore, unit of the Australian LNG player Woodside, on Wednesday signed heads of agreement with Indonesia’s Pertamina for long-term supply of liquefied natural gas. 

According to Woodside’s statement, the agreement is for approximately 0.5 to 1 million tons of LNG per year from the company’s liquefied natural gas portfolio.

The supplies would start in 2019 and go on for a period of 15 to 20 years.

The HOA remains conditional until a fully termed LNG sales and purchase agreement is negotiated and executed, Woodside said, adding that the deal also needs the approval of the boards of both companies.

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