Woodside signs SPA with Chubu Electric

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/