Total
0
Shares
Mirvac (ASX:MGR) purchases Spencer Street, Melbourne for $200M
  • Woodside Petroleum (ASX:WPL) has signed a long-term LNG supply deal with Uniper Global Commodities SE
  • The sale and purchase agreement follows a heads of agreement signed in September this year
  • The agreement will see Woodside provide LNG to Uniper for 13 years, beginning in 2021
  • However, supply from 2025 will depend on the development of the Scarborough gas project in Western Australia
  • Shares in Woodside rose 0.89 per cent today, closing at $35.04 per share

Woodside Petroleum (ASX:WPL) has signed a long-term LNG supply deal with German company, Uniper Global Commodities SE.

The Sale and Purchase Agreement (SPA) will see Woodside provide LNG to Uniper for 13 years.

From 2021 until 2024 Woodside will provide up to 0.5 million tonnes per annum to Uniper.

Then the quantity will increase to 1 million tonnes per annum from 2025.

This, however, is conditional upon the final investment decision for the Scarborough gas project, expected in early 2020.

The execution of the SPA follows a heads of agreement, signed in September this year.

The Scarborough Gas recourse is located 375 km west-northwest of the Burrup Peninsula, offshore north-west Western Australia.

Shares in Woodside rose 0.89 per cent today, closing at $35.04 per share.


Subscribe


WPL by the numbers
More From The Market Herald
Red Mountain Mining (ASX:RMX) to acquire 100pc of Mt Maitland gold project

" Red Mountain Mining (ASX:RMX) raises $800K for work program

Exploration company Red Mountain Mining (RMX) has raised $800,000 via a placement to professional and sophisticated investors.
Iron Road (ASX:IRD) gets Macquarie Capital on board for Cape Hardy port development

" Iron Road (ASX:IRD) gets Macquarie Capital on board for Cape Hardy port development

Iron Road (IRD) has signed on Macquarie Capital as a joint developer of the Cape Hardy Port Facility in the Eyre Peninsula.
Argent Minerals (ASX:ARD) - CEO & Managing Director, George Karageorge - The Market Herald

" Argent Minerals (ASX:ARD) restarts drilling at Kempfield thanks to clearing skies

Argent Minerals (ARD) has restarted drilling at the Kempfield Polymetallic Project after rain put a dampener on operations.
Centaurus Metals (ASX:CTM) - Managing Director, Darren Gordon - The Market Herald

" Centaurus Metals (ASX:CTM) progresses scoping study at Jaguar

Centaurus Metals (CTM) has provided an update on a scoping study and pre-development activities for its Jaguar Nickel Sulphide Project in northern Brazil.