Australian LNG player Woodside Energy signed a heads of agreement (HOA) with Uniper Global Commodities (Uniper) for the supply of the chilled fuel.
Woodside would supply up to 0.6 million tons of LNG per annum over a period of four years commencing in 2019, the company said in a statement.
Woodside CEO Peter Coleman said the LNG would be supplied from the company’s portfolio sources to markets in Europe and Asia.
“This agreement illustrates further diversification of Woodside’s buyer relationships and the increasing interaction between participants in the Asia-Pacific and Atlantic LNG markets as international trading patterns become more liquid,” he said.
Uniper CEO Keith Martin added the deal would see the company growing its Asian portfolio whilst leveraging its midstream assets in Europe.
The HOA is conditional on the execution of a fully termed LNG sales and purchase agreement, Woodside said.