QatarEnergy signs 20‑year LNG off‑take agreement with Woodside’s Louisiana project
State‑owned QatarEnergy entered a 20‑year sale‑and‑purchase agreement with Woodside Energy to purchase up to 3 million tonnes of LNG per year from Woodside’s Louisiana export project. Commercial deliveries are slated to begin in 2030 when Woodside’s Train 2 starts up, with the volume scaling to full capacity after Train 3 is operational. The deal was signed by QatarEnergy’s Minister of State for Energy Affairs Saad Sherida Al‑Kaabi and Woodside CEO Liz Westcott.
Why it matters
The agreement guarantees QatarEnergy a long‑term source of U.S. gas, supporting its global LNG portfolio expansion. Woodside secures a marquee off‑taker, which should underpin revenue streams for its $17.5 billion Louisiana project.
Key facts
- 1QatarEnergy will buy up to 3 million tonnes per annum of LNG under a 20‑year contract. kenya-today.com
- 2Commercial deliveries are scheduled to start in 2030 when Woodside’s Train 2 begins operation. kenya-today.com
- 3The Louisiana LNG complex has a total capital cost of $17.5 billion. kenya-today.com
- 4The agreement was finalized by QatarEnergy’s Minister of State for Energy Affairs Saad Sherida Al‑Kaabi and Woodside CEO Liz Westcott. kenya-today.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.