Woodside Petroleum Limited
(ASX:WPL) has inked a 20-year liquefied natural gas sale and purchase agreement with Corpus Christi Liquefaction, LLC.
Under the deal Woodside will buy about 0.85 million tonnes of LNG per annum from the Corpus Christi Liquefaction Project.
The purchase is poised to begin on the start up of the second train at the LNG export facility which is being developed near Corpus Christi in Texas.
CEO Peter Coleman says the deal complements the company’s existing portfolio by providing a new product source diversifying Woodside’s LNG product offering.
Woodside Petroleum recorded a net profit of more than $2 billion in the full 2013 calendar year.
