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.
 

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