Woodside signs agreement to supply LNG to Indonesia

Woodside Energy Trading Singapore has entered into a long-term LNG sale and purchase agreement with Indonesian state-owned oil and gas corporation Pertamina with supply due to commence in 2019, Woodside said June 6.

“Woodside Singapore has committed to supply initial ramp up quantities building to approximately 0.6 million tonnes per annum from 2022 to 2034, and has the option to increase the supply to approximately 1.1mn mt/yr from 2024 to 2038,” it said.

LNG to be supplied to Pertamina under the SPA will be sourced from Woodside’s global portfolio and will result in Woodside becoming a significant supplier of LNG to Indonesia, the Australia-listed company said.

“Our track record as a reliable supplier of LNG and the proximity of our key sources of LNG to Indonesia were key to achieving this deal. As more regional buyers enter the market, we are well placed to become the supplier of choice,” Woodside CEO Peter Coleman said.

Woodside’s producing LNG assets include the north-west Australian North West Shelf and Pluto LNG facilities.

Nathan Richardson