Woodside Petroleum (ASX:WPL) signs agreement for long-term LNG supply

Company News

by Rachael Jones

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$34.850 $0.321 0.93%
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Last Updated: 29/01/2020 10:12 AM

Woodside Petroleum (ASX:WPL) has signed a 13 year deal with Uniper Global Commodities for the supply of liquefied natural gas.

They will initially supply up to 0.5 million tonnes per annum (Mtpa), increasing to approximately 1 Mtpa from 2025.

Supply from 2025 is conditional upon a final investment decision on the Scarborough development.

Shares in Woodside Petroleum (AX:WPL) trading 0.9 per cent higher at $35.05.

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.