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Highlights

  • Woodside signs two LNG sale and purchase agreements with Uniper, totaling up to 2Mt/y.

  • Supply from both the Louisiana LNG project and Woodside’s global portfolio, pending FID.

  • Agreements support European energy security and Woodside’s long-term commercial strategy.

Woodside Energy Group Ltd (ASX:WDS) has inked two long-term liquefied natural gas (LNG) sale and purchase agreements with German utility Uniper, securing up to 2 million tonnes per year (Mt/y) of LNG supply in a move that enhances Woodside’s global energy portfolio and supports Europe’s drive for energy security.

The deals comprise 1Mt/y from the proposed Louisiana LNG LLC project in the U.S. and up to 1Mt/y from Woodside’s international LNG portfolio, delivered via its Singapore-based trading arm. Both agreements are contingent upon a final investment decision (FID) for the 16.5Mt/y, three-train foundation development of the Louisiana project—Woodside’s most ambitious growth initiative to date.

Under the terms, LNG from Louisiana will be supplied on a free-on-board (FOB) basis for up to 13 years, commencing from the commercial operations date (COD). Meanwhile, the global portfolio LNG will be delivered ex-ship into Europe through to 2039, providing Uniper with long-term supply certainty amid persistent energy supply challenges across the continent.

Woodside CEO Meg O’Neill described the agreements as a key milestone for the Louisiana LNG project, highlighting strong global demand for LNG and the project's potential to leverage U.S. gas resources, infrastructure partnerships, and the company’s track record in delivering large-scale projects.

“This addition of Atlantic Basin LNG supply strengthens Woodside's portfolio and allows contract flexibility through multiple pricing indices and tenures,” O’Neill said. “It advances our commercial strategy and deepens our long-standing relationship with Uniper.”

The agreements come at a time when European nations continue to prioritize long-term LNG supply to reduce reliance on pipeline gas from Russia and stabilize energy costs for industry and consumers. With energy transition policies gaining momentum, reliable and cleaner-burning fuels like LNG are increasingly being seen as critical bridge solutions.

Uniper CEO Michael Lewis emphasized the importance of the deal for European energy security and industrial competitiveness.

“Reliable and cost-effective energy supply is a cornerstone of a strong industrial base, and deals like this help ensure our customers can count on both,” Lewis said. He also noted the potential for the LNG supply to contribute to new gas-fired power developments in Germany.