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Woodside enters long-term LNG SPA with Pertamina

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LNG Industry,

Woodside Energy Trading Singapore Pte Ltd has announced that it has entered into a long-term LNG sale and purchase agreement (SPA) with PT Pertamina for the supply of LNG starting in 2019.

Woodside Singapore has committed to supply initial ramp up quantities building to approximately 0.6 million tpy from 2022 to 2034, and has the option to increase the supply to approximately 1.1 million tpy from 2024 to 2038.

The LNG that will be provided to Pertamina – an Indonesian Government-owned integrated oil and gas company – will be sourced from Woodside’s global portfolio. Woodside claims that it will also result in it becoming a significant LNG supplier to Indonesia.

The CEO of Woodside, Peter Coleman, said: “Our track record as a reliable supplier of LNG and the proximity of our key sources of LNG to Indonesia were key to achieving this deal. As more regional buyers enter the market, we are well placed to become the supplier of choice.”

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