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Woodside has signed a gas supply agreement with bp to support its Louisiana LNG project in Calcasieu Parish, marking a key milestone in the project鈥檚 development.

The deal represents the first segment of a diverse feed gas portfolio for the project, which benefits from strong connectivity to multiple producing basins and existing pipeline infrastructure. Under the agreement, Louisiana LNG Gas Management, known as GasCo鈥攁 wholly owned subsidiary of Louisiana LNG鈥攚ill purchase up to 640 billion cubic feet of natural gas from bp. Deliveries to Line 200 are expected to begin in 2029.

GasCo will be responsible for overseeing the sourcing strategy for the project.

鈥淟ouisiana LNG is a compelling investment, expected to deliver significant cash generation and create long-term shareholder value,鈥� said Woodside CEO Meg O鈥橬eill. 鈥淪ecuring this gas supply agreement is an important step for the project.鈥�

O鈥橬eill highlighted the company鈥檚 long-standing relationship with bp and emphasized how the collaboration enables Woodside to access gas with low methane intensity through bp鈥檚 use of MiQ certification. This aligns with Woodside鈥檚 participation in the U.N. Environment Programme鈥檚 Oil and Gas Methane Partnership 2.0 (OGMP 2.0) initiative.

The agreement comes as Woodside has made a final investment decision (FID) to proceed with the $17.5 billion (A$27.36 billion) development. The Louisiana LNG project will feature three liquefaction trains with a combined capacity of 16.5 million tonnes per annum (mtpa) of LNG. First production is slated for 2029.

Once operational, the project is expected to significantly expand Woodside鈥檚 global LNG portfolio, enabling the company to supply approximately 24 mtpa in the 2030s鈥攅quivalent to more than 5% of the projected global LNG supply.

In addition to the bp agreement, Woodside has recently signed deals with Uniper to supply 1 mtpa of LNG from the Louisiana facility and up to 1 mtpa from its broader portfolio through Woodside Energy Trading Singapore. Under the terms of the Louisiana agreement, the company will deliver 1 mtpa of LNG on a free-on-board basis for up to 13 years after the project's commercial launch.

The gas supply deal with bp reinforces Woodside鈥檚 strategy to secure long-term, reliable feed gas while advancing its commitments to lower emissions and increase transparency through certified, low-methane supply sources.

Woodside is a global energy company committed to delivering reliable and affordable energy to support improved living standards around the world. The company draws on its proven history of world-class project execution and operational excellence as it builds a diverse global portfolio to meet growing energy demands.