Woodside Inks Long-Term LNG Supply Deal with China Resources

Monday, March 17, 2025

Woodside has signed a long-term sale and purchase agreement (SPA) with China Resources Gas International for the supply of liquefied natural gas (LNG) to China.

The SPA provides for the supply of approximately 0.6 million tonnes of LNG per year over 15 years on a delivered basis, starting in 2027.

This marks the company’s fourth agreement for long-term LNG sales into Asia signed since the start of 2024.

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

“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,” said Mark Abbotsford, Woodside’s Executive Vice President & Chief Commercial Officer.

“We are delighted to sign our first-long term SPA with Woodside Energy, a leading supplier of LNG globally. Woodside's growing global LNG portfolio and its proven track record as an operator have created a solid foundation for the agreement.

“The signing of this SPA will also open up the potential for future cooperation between the two companies globally,” added Yang Ping, China Resources Gas’ Group Chairman.

Categories: LNG Industry News Activity Asia Australia/NZ Oil and Gas

Related Stories

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

Sapura Energy Scoops Close to $9M for O&M Work off Malaysia

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Valeura Wraps Up Infill Drilling Campaign in Gulf of Thailand

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

Tokyo Gas Enters LNG Market in Philippines

ONE Guyana FPSO En Route to ExxonMobil’s Yellowtail Field

Malaysia's Petronas Plans Job Cuts

Current News

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Mubadala Energy Open to Sell Andaman Gas for Domestic Use

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

Turkey Discovers New Black Sea Gas Reserve

Indonesia's Medco Starts Production at Natuna Sea Fields

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com