Woodside (WDS) Secures Long-Term Natural Gas Supply Deal with bp

Woodside (WDS, Financial) has entered into a significant agreement with bp, setting the stage for the energy company to provide natural gas for the Louisiana LNG project. This deal marks the first segment of a diverse array of feedgas agreements aimed at bolstering the project’s supply. The Louisiana LNG project is strategically positioned due to its extensive connections with various producing regions and pipeline networks.

Through this agreement, Louisiana LNG Gas Management LLC (GasCo), fully owned by Louisiana LNG LLC, is committed to the long-term purchase of as much as 640 billion cubic feet of gas from bp. This supply is intended for delivery to Line 200, starting in 2029. GasCo will be tasked with executing the gas sourcing strategy essential for the success of the Louisiana LNG project.