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.