Woodside answers Europe's energy call
PERTH (miningweekly.com) – Oil and gas major Woodside has expanded its liquified natural gas (LNG) trade to include Europe, with the ASX-listed company delivering gas from the North West Shelf to Uniper Global Commodities SE in Rotterdam.
The cargo of approximately 75 000 t of LNG, or 100-million cubic metres of natural gas, was delivered on November 27 and will contribute to natural gas supply in Northwest and Central Europe.
Woodside executive VP for marketing & trading Mark Abbotsford said the company was pleased to have concluded the trade at a time when Europe is in urgent need of alternative sources of gas to replace Russian pipeline supplies.
“Events over the course of 2022 have shown that the world cannot take reliable and affordable supplies of energy for granted, particularly as we strive to decarbonise. At such times it is more important than ever that buyers and sellers work together to flexibly respond to market dynamics. Our relationship with Uniper is an example of such cooperation.
“The delivery of a North West Shelf LNG cargo to Europe also highlights the role that Australian LNG can play in supporting global energy security,” he said.
Uniper director LNG Andreas Gemballa said the company continued to work on securing the much needed gas supply into Europe from reliable sources like Australia and thus helping to strengthen security of supply during the ongoing crisis triggered by the Russian war.
“In addition to bringing online floating storage and regasification units in Germany, we are contracting LNG from diversified sources into existing and new regasification capacity in Europe. Woodside as a reliable supplier is helping us to bring additional LNG to Europe,” he added.
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