Woodside has signed an LNG Sale and Purchase Agreement with Asean LNG Trading Co. Ltd (ALTCO), a subsidiary of Petronas International Corporation Ltd, for the supply of uncommitted cargoes from the foundation Pluto LNG Project.

The agreement involves the sale of up to 19 cargoes to ALTCO through to 2014. This LNG supply agreement is in addition to the existing LNG Sale and Purchase Agreements with foundation customers Kansai Electric and Tokyo Gas.

The Pluto LNG project is located about 190km north-west of Karratha, Western Australia, in the Northern Carnarvon Basin. It is a joint venture between Woodside, the operator, which has a 90% interest, and Tokyo Gas (5%) and Kansai Electric (5%), who became project partners in January 2008 and who have 15-year sales agreements for the gas.

Tags: Woodside Energy Ltd.