Woodside Strengthens Global LNG Presence with Uniper Supply Agreements, Boosting Louisiana LNG Project
Woodside Energy has announced the signing of two major liquefied natural gas (LNG) sale and purchase agreements (SPAs) with Uniper, a leading European energy company. These agreements underscore continued robust demand for LNG across the globe and represent a significant step forward for Woodside’s largest growth initiative — the Louisiana LNG project.
Under the terms of the SPAs, Uniper will receive 1.0 million tonnes per annum (Mtpa) of LNG from Louisiana LNG LLC and an additional supply of up to 1.0 Mtpa from Woodside’s broader global LNG portfolio, managed through its subsidiary, Woodside Energy Trading Singapore Pty. Ltd. The supplies are expected to begin following the commercial operations date (COD) of the Louisiana LNG project and will span up to thirteen years.
Strategic Significance of the Agreements
Woodside CEO Meg O’Neill emphasized the strategic importance of these supply agreements in the context of global energy security and diversification.
“These agreements mark a crucial milestone for advancing the Louisiana LNG project toward a final investment decision (FID),” O’Neill stated. “We are proud to deepen our longstanding relationship with Uniper, a trusted partner in the global energy sector. Uniper’s commitment to these long-term contracts is a testament to Woodside’s solid reputation as a reliable and flexible LNG supplier, backed by decades of consistent performance.”
The Louisiana LNG project is Woodside’s most ambitious undertaking to date. Located strategically in the Gulf of Mexico region, the project is designed to tap into the vast and cost-effective natural gas resources of the United States. The project will feature three production trains with a combined capacity of 16.5 Mtpa, making it a significant addition to the global LNG market once operational.
O’Neill noted that the project benefits from several key strengths: “It leverages the abundant US gas supply, a prime site location, partnerships with top-tier EPC (Engineering, Procurement, and Construction) and technology providers, and Woodside’s own project delivery expertise. Together, these elements make Louisiana LNG a competitive and attractive proposition for global buyers.”
The agreements with Uniper are not only a financial and operational boost for Louisiana LNG but also expand Woodside’s LNG footprint beyond the Asia-Pacific region, where it has traditionally been strongest. By securing Atlantic Basin supply through Louisiana LNG, Woodside is positioning itself as a key transatlantic LNG player, enhancing its ability to tailor offerings to diverse customer needs.
“By adding Atlantic Basin LNG to our existing Pacific Basin portfolio, we can now offer greater flexibility in contract structures, price indices, and delivery timelines,” said O’Neill. “This helps us meet the varied demands of our global customers, whether they prioritize long-term stability or short-term market responsiveness.”
Supporting Europe’s Energy Transition
The timing of this agreement is especially significant for Europe, where energy diversification and security have become top priorities following recent geopolitical disruptions. As Europe continues to transition away from Russian pipeline gas, long-term LNG contracts are seen as critical tools to ensure stable energy supply and price predictability.
Uniper CEO Michael Lewis underscored this point in his statement: “We are very pleased to secure additional LNG supplies from a trusted supplier like Woodside. This agreement is a key part of our strategy to enhance supply security for our European customers. It also supports the flexible operation of our generation assets, including potential future gas-fired power plants in Germany that will work in tandem with renewables.”
Lewis also pointed out the broader economic importance of deals like this: “Reliable and competitively priced energy is fundamental to maintaining a strong industrial base in Europe. These long-term LNG contracts help ensure our industrial clients can continue to operate with confidence in their energy supply.”
Details of the Supply Agreements
Under the first SPA, Louisiana LNG LLC — a Woodside-controlled entity — will supply 1.0 Mtpa of LNG to Uniper on a free-on-board (FOB) basis. This means Uniper will be responsible for shipping the LNG from the Louisiana export terminal to its destinations. The supply period is set for up to thirteen years from the COD of the project.
The second agreement involves Woodside Energy Trading Singapore Pty. Ltd., which will deliver up to 1.0 Mtpa of LNG on a delivered ex-ship (DES) basis. This supply will come from Woodside’s global LNG portfolio and be delivered directly to Uniper’s receiving terminals in Europe. This portion of the supply will commence in alignment with the COD of Louisiana LNG and continue through to 2039.
Both agreements are conditional on Woodside making a positive final investment decision on the Louisiana LNG project’s foundation development, which will include three trains with a total output of 16.5 Mtpa. The FID is expected in the near future, pending the completion of various regulatory, technical, and financial milestones.
A Growing LNG Market and the Role of Long-Term Contracts
The global LNG market is experiencing a period of sustained growth, driven by rising energy demand in Asia, Europe’s strategic shift toward LNG, and a broader push to decarbonize energy systems while maintaining supply reliability.
Woodside is among the global players investing heavily in LNG infrastructure to meet this demand. In addition to the Louisiana LNG project, the company operates major LNG assets in Australia, including the North West Shelf, Pluto LNG, and the recently sanctioned Scarborough project.
By expanding its portfolio through the Louisiana LNG initiative, Woodside is increasing its flexibility to serve customers in multiple regions and market conditions. This diversification reduces geopolitical risk and enhances its ability to respond to shifting demand patterns.
“Dependable LNG supply is more important than ever,” said O’Neill. “As we transition toward lower-carbon energy sources, LNG plays a key role in enabling countries to reduce coal usage and maintain grid stability. Our focus remains on being a reliable partner for our customers and a responsible steward of energy development.”
Reinforcing Industry Collaboration and Global Reach
The new SPAs further solidify the relationship between Woodside and Uniper, which have collaborated on LNG supply for years. Uniper is one of Woodside’s most significant global customers, and the expansion of this partnership into the Atlantic Basin demonstrates the trust both parties have built over time.
Uniper, headquartered in Germany, operates in more than 40 countries and plays a major role in energy generation, trading, and supply across Europe. Its LNG portfolio is a critical part of its broader strategy to support energy security while transitioning toward a more sustainable energy system.
“Working with Uniper, a company that shares our long-term vision for reliable, lower-emissions energy, is a natural fit,” said O’Neill. “Together, we can help drive the energy transition in a way that is both practical and economically viable.”
FID and Market Opportunities
While the agreements are a strong vote of confidence in the Louisiana LNG project, the next critical step is reaching the final investment decision. Woodside is actively progressing various workstreams, including permitting, engineering design, financing, and stakeholder engagement to support a timely FID.
As part of its strategy to de-risk the project, Woodside continues to explore sell-down opportunities and joint venture partnerships. The strong interest from companies like Uniper helps validate the project’s market appeal and economic foundations.
“With every milestone we achieve, from regulatory progress to commercial agreements, we move closer to making Louisiana LNG a reality,” said O’Neill. “The global market conditions support it, our partners support it, and we’re confident in its potential to deliver long-term value.”
