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Woodside Energy inks long-term LNG supply deal with South Korea

Credit: REUTERS/CHRIS HELGREN

Updates with more detail on supply deal paragraph 2 onwards

Feb 28 (Reuters) - Woodside Energy WDS.AX has inked an agreement with South Korean state-owned natural gas firm Korea Gas Corp 036460.KS to supply liquefied natural gas (LNG) for more than a decade, the Australian oil and gas company said on Wednesday.

Under the supply deal, Woodside will supply about half a million tonnes of LNG per year for 10.5 years on a delivered basis, starting in 2026.

LNG to be supplied to Korea Gas will be sourced from Woodside's global portfolio, including its $12 billion Scarborough gas project which is targeting its first LNG cargo in 2026, it said.

(Reporting by Sameer Manekar in Bengaluru; Editing by Chris Reese)

((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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