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Woodside signs 15-year LNG supply deal and approves $221m Victoria gas project

Gas
March 17, 2025

Australia-based oil and gas company Woodside has signed a 15-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with China Resources Gas International.

The SPA is for the supply of 0.6 million tonnes of LNG per year starting from 2027 and marks Woodside’s fourth long-term LNG agreement for an Asia-based customer in the last 15 months.

Mark Abbotsford, Executive Vice-President & Chief Commercial Officer, said it also marked the first time Woodside has signed a long-term SPA on a standalone basis with a Chinese customer.

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