Australia's Woodside signs LNG deal with Uniper

By Murat Temizer

ANKARA (AA) - Australia's Woodside Energy and Uniper signed a flexible, long-term sale and purchase agreement on Monday for Woodside to supply LNG from its global portfolio to Europe, starting from January next year to 2039.

Under the new agreement, Woodside will supply up to 12 cargoes per year to European customers, equivalent to more than 0.8 million tonnes per annum or one billion cubic meters of natural gas.

Supply from September 2031 is conditional upon Uniper finalizing its long-term strategic capacity bookings in Northwest Europe, expected by March 2023.

Woodside Energy CEO, Meg O’Neill, said the new agreement is built on the company’s existing relationship with Uniper.

"Woodside is pleased that this latest agreement with Uniper will provide a new source of LNG for consumers in Europe who are seeking alternatives to Russian gas. It also reflects the increasingly interconnected nature of LNG trade in the Atlantic and Pacific basins as global markets respond to energy security challenges," she said.

Uniper Group CEO, Klaus-Dieter Maubach, said the agreement will secure additional LNG supplies for European customers, which has become more important now due to recent developments.