Woodside Energy Trading Singapore Ltd and PETRONAS LNG, a subsidiary of Petroliam Nasional Berhad (PETRONAS), have signed a fully termed sale and purchase agreement (SPA) for the delivery of 1 million tons per annum (Mtpa) of liquified natural gas (LNG) to Malaysia starting in 2028, for 15 years.

The agreement converts the non-binding Heads of Agreement (HOA) reached in June 2025 into a binding contract, highlighting both companies’ commitment to strengthening collaboration across the LNG value chain.

Based upon the agreement, LNG will be supplied from Woodside’s global portfolio, potentially including volumes from its newly sanctioned Louisiana LNG project in the US.

“Finalizing this long-term LNG supply agreement with PETRONAS represents a strategic milestone for Woodside as it is our first long-term LNG supply arrangement with Malaysia. The agreement is another demonstration of the strength and flexibility of Woodside’s diversified global portfolio and reinforces our position as a trusted energy supplier in Asia, supporting long-term value creation and regional prosperity,” Woodside Executive Vice President and Chief Commercial Officer Mark Abbotsford said.

“As a responsible energy company, PETRONAS is committed to safeguarding Malaysia’s energy security while advancing the transition to a lower carbon future. We see natural gas as a long-term solution in this journey, and our collaboration with Woodside Energy represents an important step towards ensuring reliable and flexible supply for Malaysia’s growing economy, while enhancing PETRONAS’ global portfolio to deliver energy responsibly and sustainably,” PETRONAS Vice President of LNG Marketing and Trading Shamsairi Ibrahim commented.

Woodside and PETRONAS have a long history of collaboration, spanning joint exploration studies, research and development projects, as well as spot and mid-term LNG trading activities.