WOODSIDE Energy Trading Singapore Pte Ltd has entered into a long-term sale and purchase agreement (SPA) with Uniper Global Commodities SE or the supply of LNG from Woodside’s global portfolio for a term of 13 years commencing in 2021.
The quantity of LNG to be supplied under the SPA will initially be up to 0.5 million tonnes per annum (Mtpa), increasing to approximately 1 Mtpa from 2025. Supply from 2025 is conditional upon a final investment decision on the Scarborough development.
Execution of the SPA follows the signing of a heads of agreement (HOA) between Woodside and Uniper in September 2019.
Headquartered in Düsseldorf, Germany, Uniper ranks among large generation and trading companies in Europe, which is one of the world’s most important energy markets. Through its commodity-trading and technology-services businesses, Uniper is also active in energy markets from the Americas to Asia.
Its core markets are Germany, the United Kingdom, Sweden, the Benelux countries and Russia. To support its activities outside of Europe and Russia, the company operates a trading business in North America and have offices in several international locations.