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Woodside LNG signs LNG supply agreement with BOTAS

Woodside Energy, a subsidiary of Australia's Woodside Energy, announced on Monday that it has signed a contract with the Turkish state-owned oil company BOTAS for delivering?around 5.8 billion cubic metres?of liquefied gas?for up to nine years starting in 2030.

The non-binding heads agreement signed in September by the two parties is now a binding commitment.

The agreement stipulates that LNG will be supplied primarily from the Louisiana LNG project, which is currently under construction in the United States, with additional supplies coming from Woodside, Australia’s largest natural gas producer.

Woodside's Louisiana Gas Complex, the largest foreign investment in the history of the southern state, was the U.S.'s first LNG project to be given the green light after Donald Trump took office in January, and promised to unleash "U.S. Energy is the future.

The project was approved in late April. It is scheduled to begin delivering gas in 2029.

Mark Abbotsford, Woodside's Executive Vice President and Chief Commercial Officer, said: "This LNG supply agreement with BOTAS is a significant milestone for Woodside as it represents our first long-term arrangement to provide LNG to the Turkish market."

Woodside is also grateful for the support of the Turkish and United States governments following the announcement earlier this year of the HOA.

(source: Reuters)