Woodside terminates Commonwealth LNG SPA

Kimmeridge’s Commonwealth LNG revealed this in a footnote announcing a 20-year LNG sales and purchase agreement with an Asian buyer earlier this week.

“On April 28, 2025, Commonwealth terminated the two LNG sale and purchase agreements with Woodside Energy Trading Singapore Pte Ltd executed on September 2, 2022 pursuant to their terms,” Commonwealth LNG said.

The firm did not provide further details.

In September 2022, Woodside and Commonwealth LNG revealed that they had finalized the previously announced heads of agreement for LNG supply from the latter’s proposed plant near Cameron, Louisiana.

Woodside and Commonwealth LNG converted the non-binding heads of agreement into two binding LNG SPAs.

The deals were for the supply of up to 2.5 million tonnes per annum (mtpa) of LNG over 20 years to Woodside Energy Trading Singapore.

The two firms said at the time that key terms remained unchanged in the binding SPAs, with first deliveries expected to start in mid-2026.

However, Commonwealth LNG has still not taken a final investment decision on its proposed 9.5 mtpa facility in Cameron, Louisiana. It is targeting FID in September of this year.

Also, Woodside is now focused on developing its Louisiana LNG export project.

Woodside recently took FID to develop the three-train, 16.5 mtpa Louisiana LNG project.

The total capital expenditure for the LNG project, pipeline, and management reserve is $17.5 billion.

Woodside is targeting first LNG from the project in 2029.