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Woodside and Commonwealth LNG Sign HOA for LNG Supply

1/19/2022

Woodside - Press release Woodside Energy Trading Singapore Pte Ltd has signed a heads of agreement (HOA) with Commonwealth LNG to negotiate a sale and purchase agreement for the supply of LNG from the proposed Commonwealth LNG development in Cameron, Louisiana. The HOA contemplates the purchase by Woodside of 2.0 Mtpa of LNG over a period of 20 years, scheduled to begin in Q2 2026. Woodside’s offtake obligation can be reduced or even eliminated as Commonwealth achieves increasing thresholds of offtake commitments from other buyers. Woodside would also have an option to purchase an additional 0.5 Mtpa of LNG. Woodside CEO Meg O’Neill said she was pleased to sign the HOA with Commonwealth,

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