Woodside Ships LNG to Europe for Security of Supply

Woodside Ships LNG to Europe for Security of Supply

Australian energy company Woodside Energy announced its shipment of liquified natural gas (LNG) cargo to Europe from Australia’s North West Shelf project and delivered it to its buyer, Uniper Global Commodities SE, to contribute to the security of gas supply in Europe.

The cargo onboard the Woodside Rees Withers carried approximately 75,000 tonnes of LNG or 100 million cubic meters of natural gas and was delivered on Sunday, Nov. 27 to the Gate Terminal on Maasvlakte in Rotterdam.

It is expected to contribute to the natural gas supply in Northwest and Central Europe.

Furthermore, Uniper’s Director LNG Andreas Gemballa said that they are continuously working on securing the much needed gas supply in Europe and to strengthen its security of supply during the ongoing crisis.

“We continue 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,” Gemballa said.

Gemballa added, “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.”

In addition to this, Woodside Executive Vice President 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.”

Abbotsford noted that some events during 2022 have shown that the world cannot “take reliable and affordable supplies of energy for granted,” especially as the transition to decarbonization is an ongoing goal in the maritime industry.

“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.

Meanwhile, on Sep. 5, Woodside and Uniper entered a flexible long-term sale and purchase agreement (SPA) for LNG supply.

For more maritime updates, visit our blogs and like and follow us on Facebook, Twitter, and LinkedIn.