Woodside, Petronas sign non-binding LNG supply deal

June 18, 2025
The LNG would be supplied from Woodside’s global portfolio and may include the recently approved Louisiana LNG project in the United States, the companies said in a joint release June 18.

Woodside Energy and Petronas, through its subsidiary Petronas LNG Ltd. (PLL), signed a non-binding heads of agreement (HOA) for the supply of 1 million tonnes/year (tpy) of LNG to Malaysia from 2028 for a period of 15 years.

The LNG would be supplied from Woodside’s global portfolio and may include the recently approved Louisiana LNG project in the United States, the companies said in a joint release June 18.

Woodside in April make a final investment decision (FID) to develop the three-train, 16.5 million tpy Louisiana LNG development, targeting first LNG in 2029.

The development has expansion capacity for two additional LNG trains and is fully permitted for a total capacity of 27.6 million tpy. 

The companies are now working to convert the HOA into a sales and purchase agreement.