BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Natural Gas

Australia's Woodside Energy signs LNG deal with Germany's RWE

Natural Gas | LNG | Natural Gas (North American) |

Global LNG market in focus as annual Gastech conference nears

LNG | NGL |

Platts LP Gaswire

Natural Gas | LNG | Oil | Crude Oil | Refined Products | Petrochemicals |

Platts Workshop at the S&P Global Platts Energy

Natural Gas |

China says to impose 10% tariff on US LNG from Sep 24; keeps US crude oil off list

Australia's Woodside Energy signs LNG deal with Germany's RWE

Australian oil and gas company Woodside Energy has signed a sales agreement with Germany's RWE for the delivery of up to a dozen LNG cargoes by the end of the decade, a spokeswoman for the company said Tuesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"This agreement illustrates further diversification of Woodside's buyer relationships and the increasing interaction between Asia-Pacific and Atlantic LNG participants," Woodside CEO Peter Coleman said in an emailed statement.

The portfolio LNG sales agreement is for the delivery of up to 12 cargoes between April 2018 and March 2020.

Woodside, which produces LNG in Western Australia at the North West Shelf, Pluto LNG and Wheatstone LNG projects, would not comment on the commercial details of the deal.



In the company's half-year report released earlier in the year, Woodside said that 88% of its LNG production this year was committed under short, medium and long-term oil-linked contracts, with the remainder available for spot sales.

In the first half of the year, the breakdown of sales was 77% under long-term contracts, 14% under short- and mid-term deals, and 9% spot.

At the end of H1, 83% of the company's expected LNG production in 2018 was committed under oil-linked contracts.

The company's 90%-owned Pluto LNG project delivered 31 cargoes in H1, comprising about 2.3 million mt of LNG. Over the same period, its one-sixth-owned North West Shelf project delivered 125 cargoes with about 8 million mt of LNG.

Woodside also has a 13% interest in the 8.9 million mt/year Wheatstone LNG project, which had its first train begin production earlier this month. RWE was not available for comment.

--Nathan Richardson, newsdesk@spglobal.com

--Edited by E Shailaja Nair, shailaja.nair@spglobal.com