Woodside inks sales agreement with Korea Gas

28th February 2014 By: Mariaan Webb - Creamer Media Senior Deputy Editor Online

Woodside inks sales agreement with Korea Gas

JOHANNESBURG (miningweekly.com) – Australian energy major Woodside has signed an agreement to supply Korea Gas Corporation with up to 2.2-million tonnes of liquefied natural gas (LNG) over three years.

Woodside said it would primarily source the LNG for the contract from previously uncommitted volumes from the Pluto LNG plant. The Pluto project, in Western Australia, has a forecast production capacity of 4.3-million tonnes of LNG a year.

Sales would start in April, the company reported.

In January, Woodside signed a sales and purchase agreement with Japanese utility Chubu Electric Power Company to supply about 1.5-million tonnes a year of LNG over a three-year period, also starting in April.