Woodside, Pertamina sign LNG deal
Tuesday, June 6 2017 - 03:24 PM WIB
Courtesy of SKK Migas
Woodside Energy Trading Singapore Pte Ltd announced Tuesday it has entered into a long-term LNG sale and purchase agreement (SPA) with Indonesia's state-owned oil and gas firm PT Pertamina (Persero) for the supply of LNG commencing in 2019.
The firm said in a statement Woodside Singapore has committed to supply initial ramp up quantities building to approximately 0.6 million tons per annum from 2022 to 2034, and has the option to increase the supply to approximately 1.1 million tons per annum from 2024 to 2038.
LNG to be supplied to Pertamina under the SPA will be sourced from Woodside?s global portfolio and will result in Woodside becoming a significant supplier of LNG to Indonesia, the statement said.
?Our track record as a reliable supplier of LNG and the proximity of our key sources of LNG to Indonesia were key to achieving this deal. As more regional buyers enter the market, we are well placed to become the supplier of choice,? said Woodside CEO Peter Coleman in the statement.
Editing by Reiner Simanjuntak