Woodside Makes Statement about Taiwan LNG Deal Speculation

Woodside is aware of media speculation about a new liquefied natural gas (LNG) agreement with CPC Corp. of Taiwan.

Woodside reiterates the comments made in a presentation to investors on 22 August 2007 that the company is in discussions with potential Asian buyers about significant volumes of LNG and that a key terms agreement may soon be signed. These discussions have included CPC.

If any of these negotiations are successful and a key terms agreement is concluded with CPC or any other buyer, Woodside will make the appropriate disclosure to the market.

A key terms agreement is a preliminary document, which agrees the key commercial parameters normally included in a sale and purchase agreement, including LNG price. Under such an agreement, the parties would negotiate in good faith to conclude an LNG supply agreement based on the key terms. The agreement would be subject to a number of conditions.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Diesel Equipment Service Technician
Expertise: Mechanical Technician
Location: Prairieville, LA
 
Call Out Mechanics
Expertise: Maintenance Technician|Mechanic|Mechanical Technician
Location: Lafayette, LA
 
I&E Inspector
Expertise: Electrical Engineering|Installation Engineer|QA / QC / Inspection
Location: Freeport, TX
 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours