Woodside Signs Agreement for LNG Supply with RWE
Woodside Energy Trading Singapore Pte Ltd has entered into a sale and purchase agreement (SPA) with RWE Supply & Trading GmbH (RWE) for the supply of LNG from Woodside’s global portfolio for a term of seven years commencing in 2025. (Photo quoted from Yahoo’s image)
The quantity of LNG to be supplied under the SPA is approximately 0.84 million ton per annum. The SPA is not subject to final investment decision (FID) on any project. The SPA builds on Woodside’s and RWE’s strong relationship developed through existing mid-term and spot business in Asia-Pacific and the Atlantic basin.
In October 2020, Woodside and RWE also signed a memorandum of understanding (MOU) to discuss mutually beneficial hydrogen-related opportunities. The MOU supports Woodside’s plans to develop such opportunities. Hydrogen is expected to play an increasingly important role in the future global energy mix as a carbon neutral fuel. RWE is progressing approximately 30 hydrogen projects, mostly located in Europe.
(IRuniverse)
Related articles
- 08/02/2024 October 9 (Wednesday), 4th Circular Economy Symposium in TOKYO
- 03/15/2024 The 3rd Circular Economy Symposium in TOKYO on April 4th, Thursday
- 10/11/2023 October 30 (Mon) 2nd Circular Economy Symposium in TOKYO
- 10/28/2021 Pakistan Accuses US-India "Collusion" -Intertwined US-China & Indo-Pakistani Confrontation
- 10/25/2021 Chuck Kawakami’s Eye (#12) －Better to Look a Little Carefully as to Whether the Low Yen will Continue for a Long Time
- 10/25/2021 Cabinet Decision on the 6th Strategic Energy Plan－Nuclear Power Plant Discussion that was not Deeply Dug
- 10/23/2021 Imminent COP26－All Making a Rush Declaration of Carbon Neutral
- 10/21/2021 Kurdish Power Strengthens in Parliament as a Result of Iraqi General Election
- 10/20/2021 The Soaring Price of Natural Gas is An Opportunity－Azerbaijan to Increase Exports to Europe
- 10/13/2021 Can the Move to Improve Relations between Syria and Jordan be a Loophole from US sanctions?
