Global energy giant BP will supply natural gas to Woodside for its Louisiana LNG project, marking Woodside’s first secured tranche of feed gas for the site.
Under the agreement, GasCo, a subsidiary of Louisiana LNG, will buy up to 640 billion cubic feet of gas from BP starting in 2029 for delivery via pipeline.
The dedicated subsidiary is implementing the gas sourcing strategy to support the project.
Louisiana LNG reached a final investment decision yesterday and will have the capacity to produce 16.5 million tonnes of LNG annually once it comes onstream.
The total expected cost for the LNG project, pipeline, and reserves is $17.5bn.
Meg O’Neil, CEO of Woodside, said the gas supply agreement was important.
“By drawing upon BP’s experience with MiQ certificates, we can access verifiably low methane intensity molecules for the Louisiana LNG project.”
