Woodside signs agreement for long-term gas supply

Company News

by Rachael Jones

Woodside (ASX:WPL) has entered into a long-term gas sale and purchase agreement with Perdaman Chemicals and Fertilisers for the supply of pipeline gas for a term of 20 years.

The GSPA is for a quantity of approximately 125 TJ of gas per day for use in Perdaman’s proposed urea plant.
Gas will be supplied from Woodside’s portfolio and primarily sourced from Woodside’s proposed Scarborough development.

The agreement is subject to a number of conditions and supply will commence between 2023 and 2025.

Woodside CEO Peter Coleman says the move demonstrates the company’s commitment to delivering domestic gas to further support investment in the Pilbara region and create local jobs.

Shares in Woodside Energy (ASX:WPL) closed 0.71 per cent lower to $32.32 yesterday.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.