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Oz Woodside, RWE Ink LNG Deal

Oz Woodside, RWE Sign LNG Pact Australia’s Woodside has entered into a new sale and purchase agreement (SPA) with Germany’s RWE for the supply of 0.84mn metric tons/year of LNG for a term of seven years starting in 2025, it said on February 19.   The Australian company said the new SPA builds on a strong relationship developed through existing mid-term and spot business in Asia-Pacific and the Atlantic basin . The companies had inked an LNG deal in December 2018 which came into effect in the fourth quarter of 2020 and runs till December 2022. Woodside and RWE had signed a deal in October 2017 as well. 

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