Woodside Energy (US:WDS) Zhong Guo Hua Gong Bao·2026-01-04 02:53Core Viewpoint - Woodside Energy has signed a binding long-term LNG supply agreement with Turkey's state-owned pipeline operator BOTAS, marking a significant step in their previously announced non-binding cooperation [1] Group 1: Agreement Details - The agreement stipulates that Woodside will supply approximately 500,000 tons of LNG annually to Turkey starting in 2030, equivalent to about 5.8 billion cubic meters of natural gas over a period of nine years [1] - The LNG will primarily be sourced from Woodside's Louisiana LNG project currently under construction in the United States, supplemented by its global resource portfolio [1] Group 2: Strategic Implications - For Woodside, this agreement demonstrates the flexibility of its LNG resource portfolio and aligns with its strategy to increase long-term contract volumes linked to new U.S. export capacity, providing essential commercial support for the Louisiana LNG project [1] - For Turkey, this move is crucial for diversifying gas sources amid global market volatility and Europe's efforts to reduce dependence on Russian pipeline gas, reinforcing its position as a regional gas hub [1]