Woodside signs first long-term LNG supply deal with Malaysia

Woodside Energy and Petronas have formalized a 15-year LNG supply agreement, which may include volumes from the recently sanctioned Louisiana LNG project.

Mikaila Adams

Sept. 10, 2025

2 min read

Key Highlights

Woodside and Petronas signed a 15-year LNG supply agreement with first deliveries targeted for 2029.
LNG volumes will be supplied from Woodside's global portfolio, including its recenty sanctioned Louisiana LNG project.
The deal marks Woodside's first long-term LNG supply arrangement with Malaysia.
First LNG at Louisiana LNG is expected in 2029.

Computer-generated image of Woodside Louisiana LNG plant — An LNG agreement signed by Woodside Energy and Petronas includes volumes from Woodside's Louisiana LNG project in the US (rendering shown).

Woodside Energy Trading Singapore Pte Ltd (Woodside) and Petronas LNG Ltd. (PLL), a subsidiary of Petroliam Nasional Berhad (Petronas), have finalized a fully termed sale and purchase agreement (SPA) for the supply of 1 million tonnes/year (tpy) of LNG to Malaysia from 2028 for a period of 15 years.

This finalized sale converts the non-binding heads of agreement (HOA) signed in June 2025 into a binding commitment, which will see Woodside supply LNG from its global portfolio, which may include volumes from the three-train, 16.5 million tpy Louisiana LNG project in the US, sanctioned earlier this year, the company said in a release Sept. 10.

Louisiana LNG

The Louisiana LNG development has expansion capacity for two additional LNG trains and is fully permitted for a total capacity of 27.6 million tpy. At the end of this year's first-half, Woodside had signed a long-term feedgas supply agreement for up to 640 bcf, and Train 1 was 22% complete, and the company is targeting first structural steel on site by yearend. First LNG is expected in 2029, as Woodside secured US Federal Energy Regulatory Commission (FERC) approval for an inservice date extension for the LNG plant and Driftwood pipeline to end-2029.

The company's deal with Petronas is its first long-term LNG supply arrangement with Malaysia, Woodside executive vice-president and chief commercial officer Mark Abbotsford said.

Woodside said the agreement also supports Petronas’ efforts “to enhance energy security in Peninsular Malaysia by integrating upstream gas developments with LNG imports to meet rising demand from the power and industrial sectors, driven by data center growth, the wider adoption of artificial intelligence technologies (AI), and the transition away from coal-fired generation.”

About the Author

Mikaila Adams

Managing Editor - News

Mikaila Adams has 20 years of experience as an editor, most of which has been centered on the oil and gas industry. She enjoyed 12 years focused on the business/finance side of the industry as an editor for Oil & Gas Journal's sister publication, Oil & Gas Financial Journal (OGFJ). After OGFJ ceased publication in 2017, she joined Oil & Gas Journal and was named Managing Editor - News in 2019. She holds a degree from Texas Tech University.