Woodside Power Group Ltd mentioned Monday it had signed an settlement to produce Turkiye’s state-owned Boru Hatlari ile Petrol Tasima AS (BOTAS) about 500,000 metric tons a yr of liquefied pure fuel for 9 years, principally from the under-construction Louisiana LNG mission.
The deal finalizes the non-binding heads of settlement they signed September for a quantity with a fuel equal of 5.8 billion cubic meters (204.83 billion cubic ft), Australia’s Woodside mentioned in an internet assertion.
Deliveries are to begin 2030. “Underneath the settlement, LNG shall be provided primarily from the under-construction Louisiana LNG mission in the USA in addition to from Woodside’s broader portfolio”, Woodside mentioned.
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Woodside government vice chairman and chief business officer Mark Abbotsford mentioned, “This provide settlement with BOTAS represents a strategic milestone for Woodside given it’s our first long-term LNG provide association with the Turkish market”.
“It’s yet one more demonstration of the power and adaptability of Woodside’s diversified portfolio and skill to ship on our international ambitions”, Abbotsford added.
Woodside famous the deal had been supported by the USA authorities.
On April 30 Woodside introduced a remaining funding determination (FID) on Louisiana LNG, previously Driftwood LNG, with a projected gross capital spend of $17.5 billion.
The Gulf Coast mission holds a allow from the U.S. Division of Power (DOE) to export a cumulative 1.42 trillion cubic ft a yr of pure fuel equal, or 27.6 million metric tons every year (MMtpa) of LNG in keeping with Woodside, to each FTA and non-FTA international locations. The DOE authorization was first granted – later amended – February 2017 for the portion for international locations with a free commerce settlement (FTA) with the U.S. and Could 2019 for the non-FTA portion.
The FID is for part 1, which includes three liquefaction trains with a mixed capability of 16.5 MMtpa.
In Australia, Woodside operates two liquefaction services already in manufacturing: North West Shelf (NWS) and Pluto.
Woodside is nearing completion for Pluto’s growth, or the Scarborough Power Challenge. The Scarborough Power Challenge contains the event of the Scarborough fuel area, building of a second fuel processing practice for Pluto LNG with a capability of 5 MMtpa and modifications to Pluto Prepare 1, in keeping with Woodside. Excluding practice 1 modifications, Scarborough Power was 91 p.c full on the finish of the third quarter, in keeping with the corporate’s quarterly report October 22.
At NWS, the Australian authorities early this yr authorised Woodside’s request to increase the working lifetime of the mission’s Karratha fuel processing plant past 2030, as introduced by Woodside January 20.
An possession change at NWS is pending beneath a swap transaction between Woodside and Chevron Corp.
“Underneath the proposed transaction, Chevron Australia will switch to Woodside its 16.67 p.c non-operated curiosity within the North West Shelf Challenge, NWS Oil Challenge and its 20 p.c non-operated curiosity within the Angel Carbon Seize and Storage (CCS) Challenge”, Chevron Australia introduced December 19, 2024.
Upon the completion of the transaction, Woodside will maintain a 50 p.c stake within the NWS Challenge, 66.67 p.c within the NWS Oil Challenge and 40 p.c in Angel CCS.
“Chevron Australia will purchase Woodside’s 13 p.c non-operated curiosity within the Wheatstone Challenge and 65 p.c operated curiosity within the Julimar-Brunello Challenge”, added the assertion on Chevron Australia’s web site.
The events count on to finish the transaction subsequent yr.
To contact the writer, e mail jov.onsat@rigzone.com
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