Woodside in LNG supply talks with Germany’s Uniper

Woodside confirmed the talks in a statement in response to recent media speculation.

“Discussions between the parties are ongoing and incomplete and no final agreement has been reached on the terms,” Woodside said.

The firm did not provide further details.

In September 2022, Woodside entered into a flexible long-term sale and purchase agreement with Uniper to supply LNG from its global portfolio into Europe, including Germany, for a term up to 2039.

Under the deal, Woodside Energy Trading Singapore agreed to supply up to 12 cargoes per year, equivalent to more than 0.8 million tonnes per annum or one billion cubic meters of natural gas, to Uniper Global Commodities.

In Australia, Woodside operates the NWS and the Pluto LNG export facilities.

The company expects to ship the first cargo from its Scarborough and the second Pluto LNG train project in the second half of 2026.

Woodside is also working to make a final investment decision on its Louisiana LNG project.

In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share. The implied enterprise value is about $1.2 billion.

Woodside also renamed Tellurian’s Driftwood LNG project Woodside Louisiana LNG.

The company recently signed a binding deal with US private equity firm Stonepeak to sell 40 percent of its Louisiana LNG project.