tower ad March 2021 (left)
tower ad March 2021 (right)

Woodside, RWE sign SPA

Woodside will supply RWE Supply & Trading GmbH with LNG from its global portfolio after signing a new sale and purchase agreement (SPA).

Under the terms of the deal, Woodside will supply RWE with approximately 0.84 million t/annum of LNG for seven years, commencing in 2025.

Woodside Executive Vice President Development and Marketing Meg O’Neill said the deal allows both companies to explore the potential for carbon-neutral LNG production and trading.

“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,” she said.

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

For more information visit the Woodside website.

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