The result of two binding LNG sales and purchase agreements signed on 2nd September, the supply will be carried out over a 20-year period, with first deliveries expected to start from mid-2026.
Woodside CEO Meg O’Neil has already said the agreement provides the basis for a long-term partnership with Commonwealth LNG as it looks to seek alternatives to Russian gas.
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On the deal, Paul Varello, Executive Chairman of Commonwealth, said, “We’re very pleased to have Woodside involved in our project. Woodside is known throughout the LNG industry for its keen technical capabilities and commercial agility.”
“These SPAs establish Woodside as a cornerstone customer and mark a major milestone in the development of Commonwealth LNG.”
gasworld understands that Commonwealth LNG’s Louisiana-based facility will have a capacity of 8.4 million tonnes per annum and will be comprised of 50,000 modular storage tanks.
Gas supply will be achieved with the addition of a three-mile pipeline interconnected to two major pipeline systems with significant excess transportation capacity.
Farhad Ahrabi, President and CEO of Commonwealth, added, “Our modular construction approach allows Commonwealth LNG to provide greater cost and schedule certainty to customers as we deliver affordable, reliable, cleaner energy to meet global demands.”
“We’re proud to have an international LNG customer of Woodside’s stature recognise these advantages and show this level of commitment.”