Woodside signs SPA with Chubu Electric
Published by Callum O'Reilly,
Senior Editor
LNG Industry,
Woodside has signed a sales and purchase agreement with Chubu Electric Power Co. Inc. for the supply of up to approximately 1.5 million t of liquefied natural gas (LNG) over a three year period commencing in April 2014.
The LNG will primarily be sourced from previously uncommitted volumes from Woodside’s Pluto LNG project.
Other terms of the agreement are commercial-in-confidence.
Woodside CEO, Peter Coleman, said: “The agreement demonstrates the importance of Pluto LNG volumes in meeting growing regional demand for natural gas and also Woodside’s increasingly diverse LNG purchasing, sales and shipping arrangements.”
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/lng-shipping/14012014/woodside_signs_spa_with_chubu_electric_034/
You might also like
EIA: US natural gas trade will continue to grow with the start-up of new LNG export projects
The U.S. Energy Information Administration’s recently released Short-Term Energy Outlook forecasts that US LNG exports will continue to lead growth in US natural gas trade as three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025.
