Doha:QatarEnergy has announced the signing of a long-term Sale and Purchase Agreement (SPA) with Woodside Energy (LA) Investments LLC for the acquisition of 3 million tons per annum (MTPA) of liquefied natural gas (LNG) from the Louisiana LNG project. This project is situated along the United States Gulf Coast and is currently under construction.

According to Qatar News Agency, the agreement specifies that deliveries will be on a Free on Board (FOB) basis, starting in 2030 and continuing for a duration of 20 years. The signing ceremony was attended by high-profile figures, including HE Minister of State for Energy Affairs and President and CEO of QatarEnergy, Eng. Saad bin Sherida Al Kaabi, as well as the CEO and Managing Director of Woodside Energy, Liz Westcott.

HE Minister of State for Energy Affairs expressed satisfaction with the agreement, stating it enhances QatarEnergy's global supply and trading portfolio and establishes the company as the largest buyer of LNG from the US. He emphasized that the additional volumes position QatarEnergy to meet the increasing global demand for LNG.

Furthermore, the minister highlighted the significance of the Golden Pass LNG project and QatarEnergy's expanding portfolio of US LNG purchases in reinforcing the company's leadership in the LNG industry. The SPA is in line with QatarEnergy's strategy to maintain a flexible, diversified, and globally competitive LNG portfolio, underlining its confidence in the long-term role of LNG in the global energy mix.