Woodside Energy Inks Long-Term LNG Supply Deal with South Korea
2/28/2024
(Reuters) — Woodside Energy has inked an agreement with South Korean state-owned natural gas firm Korea Gas Corp. to supply liquefied natural gas (LNG) for more than a decade, the Australian oil and gas company said on Wednesday.
Under the supply deal, Woodside will supply about half a million tonnes of LNG per year for 10.5 years on a delivered basis, starting in 2026.
LNG to be supplied to Korea Gas will be sourced from Woodside's global portfolio, including its $12 billion Scarborough gas project which is targeting its first LNG cargo in 2026, it said.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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