Woodside signs HoA with Pertamina

Woodside Energy Trading Singapore Pte Ltd has released a statement claiming that it has signed a Heads of Agreement (HoA) with PT Pertamina (Persero) for the supply of LNG. Specifically, 0.5 – 1 million tpy of LNG will be supplied by Woodside over a 15 – 20 year period commencing in 2019.

Nonetheless, the HoA is conditional upon both the negotiation and execution of a fully termed LNG sales and purchase agreement (SPA), as well as all necessary approval.

Woodside also recently announced that it would be delivering Australia’s first LNG-powered marine support vessel in 2017. Mike Utsler, the COO, said: “Australia is on track to become the world’s largest producer of LNG, so it makes perfect sense to build dual-fuel capabilities for our marine fleets here.” More on this story can be read by clicking here.

Edited from press release by David Rowlands

Read the article online at: https://www.lngindustry.com/regasification/13042016/woodside-signs-hoa-with-pertamina-2276/