QatarEnergy signs 20-year US LNG supply deal with Woodside

· Oil & Gas · Qatar · United States

Woodside has struck a two-decade-long supply agreement with QatarEnergy for LNG from its project in Louisiana, United States. The deal locks in long-term offtake of US-produced liquefied natural gas for the Qatari state energy company. It adds to QatarEnergy's growing portfolio of US LNG positions, even as Middle Eastern supply and shipping face disruption. Long-term contracts of this length are the backbone of LNG project financing and give buyers certainty on volumes and sellers certainty on demand.

Why it matters：Qatar's state company building a US LNG book shows how long-term contracts are being used to hedge geographic supply risk across the industry.

Key points

  • The agreement runs for 20 years.
  • The LNG comes from Woodside's Louisiana project.
  • QatarEnergy is the buyer under the deal.

Sources (original reporting)

More stories from this day