Woodside Energy Group Ltd (ASX:WDS, LSE:WDS, OTC:WOPEF) has signed a long-term liquefied natural gas (LNG) supply agreement with PETRONAS, committing to deliver 1 million tonnes annually to Malaysia over the next 15 years.
Deliveries will start in 2028, with volumes to be sourced from Woodside’s global LNG portfolio, potentially including supply from the recently approved Louisiana LNG development in the United States.
Mark Abbotsford, Woodside’s executive vice president, said the agreement highlights strong demand from Asia.
“Finalising this long-term LNG supply agreement with PETRONAS represents a strategic milestone for Woodside as it is our first long-term LNG supply arrangement with Malaysia,” Abbotsford said.