Beginning in 2025, Woodside will begin to provide one million tons of liquified natural gas (LNG) per year to ENN Group. This is under the newly agreed-upon Heads of Agreement (HOA), covering a decade-long commitment.
According to Peter Coleman, Woodside’s CEO, the HOA is a follow on to a 2018 cooperation agreement. Coleman went on to state, “This HOA demonstrates market support for Woodside’s proposals to expand the Pluto LNG facility and develop the Scarborough offshore gas resource as part of our vision for the Burrup Hub in Western Australia.”
The HOA awaits final investment decisions on the Scarborough facility as well as settlement on a Sale and Purchase Agreement.