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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Woodside Petroleum Limited | ASX:WPL | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 28.97 | 28.97 | 29.00 | 0.00 | 01:00:00 |
From Apr 2019 to Apr 2024
By Max Bernhard
Germany's RWE AG (RWE.XE) said Thursday that it has signed a deal for mid-term supply of liquefied natural gas with Australia's Woodside Petroleum Ltd. (WPL.AU), with the supply primarily to be sourced from the U.S.
Under the agreement between Woodside Energy Trading Singapore Pte. and RWE Supply & Trading GmbH the gas will be supplied from the fourth quarter of 2020 until December 2022, RWE said.
The liquefied natural gas will be supplied on a free-on-board basis and will be mainly sourced from volumes Woodside has contracted from the Corpus Christi LNG Project in Texas, USA, it said.
The deal comes at a time when U.S. President Donald Trump has been pushing Germany's government to open Europe's largest economy to U.S. liquefied natural gas and drop support for the Nord Stream 2 pipeline project which would bring gas directly from Russia.
Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard
(END) Dow Jones Newswires
December 20, 2018 02:50 ET (07:50 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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