Woodside Energy has inked a deal with CPC Corporation over the long-term supply of liquefied natural gas to Taiwan, the first time the company will deliver to the East Asian country.
Under the sale and purchase agreement, Woodside will supply about 6 million tonnes of LNG to Taiwan’s state-owned oil and gas company, CPC, over 10 years from this month.
In its announcement, Woodside said it might deliver an additional 8.4mt to CPC over another decade or until 2043.
The additional delivery would be subject to conditions and agreement on the terms for the current period, Woodside said.
Woodside chief executive Meg O’Neill said this was the company’s first long-term agreement for sales to Taiwan.
“This agreement with CPC for long-term supply to Taiwan is a first for Woodside and another demonstration of the ongoing demand for Australian LNG in Asian markets,” she said.
“It also reinforces the value our customers place on Woodside’s ability to maintain safe and reliable supply of energy into the 2030s.”
LNG delivered to CPC will be sourced from across Woodside’s global portfolio, the company said.
CPC is Taiwan’s sole importer and supplier of natural gas.
