Woodside Signs 15-Year LNG Supply Deal with Chinese Gas Firm
This article is for subscribers only.
Woodside Energy Group Ltd. has signed an agreement with China Resources Gas International to send liquefied natural gas to the Asian country, the first binding supply deal for the fuel between Chinese and Australian companies in years.
Australia’s Woodside will provide about an annual 600,000 tons of LNG over 15 years on a delivered basis, starting from 2027, the company said in a statement on Monday. The move also comes as Chinese firms are reluctant to procure additional gas from the US, the biggest exporter, after Beijing implemented tariffs on fuel from the US last month.