https://www.miningweekly.com
Business|Energy|Gas|LNG|PROJECT|Projects
Business|Energy|Gas|LNG|PROJECT|Projects
business|energy|gas|lng|project|projects

Woodside inks LNG offtake

19th February 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Energy major Woodside has inked a sale and purchase agreement (SPA) with RWE Supply & Trading GmbH to supply liquefied natural gas (LNG), starting in 2025.

Under the seven-year agreement, Woodside would supply some 0.84-million tonnes a year, with the SPA not subject to final investment decision (FID) on any project.

Woodside executive VP development and marketing Meg O’Neill said that the SPA built on Woodside’s and RWE’s strong relationship developed through existing mid-term and spot business in Asia-Pacific and the Atlantic basin, adding that the signing of the SPA was further evidence of the strong market demand for LNG in the second half of this decade.

“Customers are increasingly seeking to secure new energy supplies in a timeframe which supports the development of our Scarborough offshore gas resource and the expansion of the Pluto facility with the addition of a second LNG production train.

“This agreement with RWE is another demonstration of the momentum we are gathering ahead of our targeted FID on Scarborough and Pluto Train 2 in the second half of this year.

“The SPA also provides the opportunity for Woodside and RWE to explore the potential for carbon-neutral LNG production and trading,” she said.

In October 2020, Woodside and RWE also signed a memorandum of understanding (MoU) to discuss mutually beneficial hydrogen-related opportunities. The MoU supports Woodside’s plans to develop such opportunities.

Hydrogen is expected to play an increasingly important role in the future global energy mix as a carbon-neutral fuel. RWE is progressing approximately 30 hydrogen projects, mostly located in Europe.

Edited by Creamer Media Reporter

Comments

Latest News

The combined entity will have a leading portfolio of tier-one assets, focused on iron-ore, metallurgical coal and future facing commodities, including potash and copper.
BHP makes £31bn offer for Anglo American
25th April 2024 By: Mariaan Webb
Magazine cover image
Magazine round up | 26 April 2024
Updated 2 hours 32 minutes ago

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.124 0.159s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: