QatarEnergy agrees 20‑year SPA to buy 3 MTPA of U.S. LNG from Woodside
- 3 MTPA of LNG to be purchased under a long‑term Sale and Purchase Agreement.
- Deliveries FOB from the Louisiana LNG project on the U.S. Gulf Coast are expected to commence in 2030.
- Supply is contracted for a 20‑year term.
- QatarEnergy said the volumes make it the largest buyer of LNG from the U.S.
Agreement details
QatarEnergy entered into a long‑term Sale and Purchase Agreement (SPA) with Woodside Energy (LA) Investments LLC to purchase 3 million tons per annum (MTPA) of LNG from the Louisiana LNG project on the United States Gulf Coast, which is currently under construction. Deliveries will be on an FOB basis and are anticipated to commence in 2030 for 20 years.
Signing and attendees
The signing was celebrated at a ceremony attended by His Excellency Mr. Saad Sherida Al‑Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and Ms. Liz Westcott, the CEO and Managing Director of Woodside Energy.
Strategic context
Commenting on the agreement, Minister Al‑Kaabi said: “We are pleased to further enhance our global supply and trading portfolio with another long‑term purchase of LNG from the U.S. These additional volumes make QatarEnergy the largest buyer of LNG from the U.S., and place us in a stronger position to meet the global growing needs for LNG. Our Golden Pass LNG project and our expanding portfolio of U.S. LNG purchases reinforce QatarEnergy’s leadership in the LNG industry and support our long‑term growth and diversification strategy.” The SPA reflects QatarEnergy’s continued confidence in the long‑term role of LNG and its strategy to develop a flexible, diversified and globally competitive LNG portfolio.
Source: QatarEnergy