LNG

German energy utility RWE has signed a fully termed and binding LNG supply agreement with Australian LNG plant operator Woodside Petroleum with the primary shipments coming from Woodside’s contracted volumes booked at the US Corpus Christi LNG export plant in Texas.

Woodside Petroleum, the operator of two LNG export plants in Western Australia, posted a 26 percent rise in third-quarter LNG revenue of US$881 million compared with US$697M in the same three months of 2017 as it benefited from higher prices and its stake in the new Wheatstone liquefaction and export plant.