Woodside Energy steps on the gas with first solo | Australian Markets

Woodside Energy steps on the gas with first solo Woodside Energy steps on the gas with first solo

Woodside Vitality steps on the gasoline with first solo | Australian Markets


Woodside Vitality has made is first solo enterprise into China’s large vitality market.

The Perth-headquartered oil and gasoline main stated on Monday it had signed a 15-year sale and buy settlement with China Assets Fuel Worldwide to produce 600,000 tonnes of LNG, ranging from 2027.

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Woodside chief business officer Mark Abbotsford stated it was the company’s fourth settlement for long-term LNG gross sales into Asia signed because the begin of 2024.

“We are very pleased to have launched our relationship with China Resources, the country’s leading gas utility,” Mr Abbotsford stated.

“This marks the first time Woodside on a standalone basis has signed a long-term sale agreement with a customer in China, Asia’s largest-consuming market for LNG. And it is the first time China Resources has signed an agreement to procure LNG over a period of 15 years.

“The agreement again demonstrates the depth and length of demand for LNG in Asian markets as nations in the region seek to guarantee energy supplies.”

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