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Australia's Woodside says open to supplying LNG to Japan from US
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Australia's Woodside says open to supplying LNG to Japan from US
Oct 21, 2024 1:02 AM

SINGAPORE, Oct 21 (Reuters) - Australia's top energy

firm Woodside Energy ( WDS ) sees an opportunity to beef up LNG

sales to Japan, including supply from the United States, where

the company just bought Tellurian and its LNG export project,

CEO Meg O'Neill said on Monday.

With this new position in the U.S., Woodside will be

able to "offer our Japanese buyers even more supply for the long

term", O'Neill said at a media briefing on the sidelines of the

Singapore International Energy Week conference.

Japanese LNG importers have been saying they are looking for

shorter term LNG contracts with more flexible terms as their

demand outlook remains uncertain. Several Japanese importers

also have contracts with Russia's Sakhalin LNG that will expire

from 2026 onwards.

As part of LNG Japan's entry into Woodside's Scarborough

joint venture in Australia, there is a memorandum of

understanding for additional LNG offtake with the consortium,

O'Neill said, adding that those discussions are under way.

"So we know Japan is thinking very carefully about how to

get the balance right in energy security, and we look forward to

being a reliable supplier to Japan," she said.

Woodside's current focus is on bringing in partners to

invest in the Louisiana LNG project rather than marketing its

LNG, O'Neill said.

It wants to sell 50% of the project and aims to be ready

for a final investment decision from the first quarter of 2025.

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