SHANGHAI/SINGAPORE—Australia’s Woodside Petroleum has signed a Heads of Agreement (HOA) to supply LNG to China’s ENN Group for 10 years from 2025, both companies said on April 5.
The volume is for 1 million tonnes per annum (mtpa) from Woodside’s portfolio, the Australian company said in a statement.
The HOA was signed at the LNG 2019 conference in Shanghai and follows a cooperation agreement in October last year.
“This HOA demonstrates market support for Woodside’s proposals to expand the Pluto LNG facility and develop the Scarborough offshore gas resource as part of our vision for the Burrup Hub in Western Australia,” Woodside’s CEO Peter Coleman said in the statement.
Woodside added that the HOA remains conditional upon the negotiation and execution of a fully termed sales and purchase agreement, as well as obtaining all necessary approvals and a final investment decision on Scarborough.
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