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Uniper and Woodside have signed major liquefied natural gas (LNG) sale and purchase agreements, highlighting continued strong global demand for LNG. The agreements cover the supply of 1.0 million tonnes per annum (Mtpa) from Louisiana LNG LLC, along with up to 1.0 Mtpa from Woodside鈥檚 global portfolio through Woodside Energy Trading Singapore Pty. Ltd. Together, these volumes amount to 2.0 Mtpa, which would account for around 3% of Germany鈥檚 projected gas consumption in 2024鈥攁n important contribution to the energy needs of one of Europe鈥檚 largest industrial nations.

Michael Lewis, CEO of Uniper, expressed confidence in the agreement, emphasizing that securing additional LNG supplies from a trusted partner like Woodside supports Uniper鈥檚 goals of energy security and flexible power generation. He noted that this new supply deal could also facilitate the development of additional gas-fired power plants in Germany to complement the growth of renewable energy. Lewis described Woodside as one of Uniper鈥檚 most reliable LNG suppliers, with a proven history of consistent deliveries from existing projects. The new collaboration in Louisiana further strengthens this relationship, while long-term agreements like this are seen as directly supporting the competitiveness of European industry by ensuring a stable and cost-effective energy supply.

Woodside CEO Meg O鈥橬eill called the agreements a significant step forward for the Louisiana LNG project as it moves toward a final investment decision. She emphasized the strength of the long-term partnership with Uniper and noted that their commitment reflects confidence in Woodside鈥檚 established track record for delivering flexible and reliable LNG solutions to customers worldwide. Louisiana LNG represents Woodside鈥檚 most ambitious growth initiative to date, leveraging extensive U.S. gas reserves, a strategically advantageous site, best-in-class engineering and technology partners, and Woodside鈥檚 own experience in successful project execution.

The addition of supply from the Atlantic Basin through the Louisiana project also marks a strategic expansion of Woodside鈥檚 global footprint, complementing its strong presence in the Pacific. This broader positioning enables Woodside to structure contracts with greater flexibility in terms of pricing indices and durations, tailored to meet diverse customer requirements. O鈥橬eill emphasized that these agreements not only strengthen the Louisiana LNG project鈥檚 commercial viability but also highlight the growing demand for dependable LNG supply, particularly in Europe.

Under the terms of the agreements, Louisiana LNG LLC will deliver 1.0 Mtpa of LNG on a free-on-board basis for up to thirteen years following the project鈥檚 commercial start date. Additionally, Woodside Energy Trading Singapore Pty. Ltd. will supply up to 1.0 Mtpa of LNG into Europe on a delivered ex-ship basis, beginning with the Louisiana project鈥檚 start and continuing through to 2039. Both contracts are subject to Woodside鈥檚 final investment decision on the proposed three-train, 16.5 Mtpa foundation development.