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Germany's Uniper Sign's LNG Deal with Woodside

LNG

Woodside Energy Trading Singapore has entered into a flexible long-term sale and purchase agreement (SPA) with Uniper for Woodside to supply LNG from its global portfolio into Europe, including Germany, for a term up to 2039, commencing in January 2023.

  • The quantity of LNG to be supplied under the new SPA is up to twelve cargoes per year (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 finalising its long-term strategic capacity bookings in Northwest Europe, expected by March 2023.
  • “this latest agreement with Uniper will provide a new source of LNG for consumers in Europe who are seeking alternatives to Russian gas.” Woodside CEO Meg O’Neill said.
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