QatarEnergy and Woodside Energy representatives at the LNG agreement signing ceremony in Doha. | QatarEnergy

QatarEnergy Expands US LNG Portfolio with Long-Term Woodside Agreement

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Financial Arabia NewsDesk is the desk responsible for Financial Arabia's daily news coverage, monitoring and reporting developments across the Gulf from official sources, including national news...

QatarEnergy and Woodside Energy announced a long-term sale and purchase agreement on October 29, 2026 for the supply of 3 million tonnes per annum of LNG from the Louisiana LNG project under construction along the US Gulf Coast. Woodside Energy said in its statement that the deal covers a 20-year term with deliveries on a free-on-board basis, starting from the commissioning of Train 2 and increasing to the full volume following the start-up of Train 3. The Australian producer added that the foundation project includes three trains with combined capacity of 16.5 million tonnes per annum and is targeting first LNG in 2029. QatarEnergy separately confirmed the transaction in its own announcement, framing the volumes as an expansion of its global supply and trading portfolio.

The signing ceremony in Doha was attended by Saad Sherida Al-Kaabi, QatarEnergy’s president and chief executive as well as the minister of state for energy affairs, and Liz Westcott, Woodside Energy’s chief executive and managing director. Woodside Energy reported that it will supply the LNG from its share of HoldCo volumes under the agreement. The companies’ announcements noted that the deal builds on QatarEnergy’s existing US investments, including its majority stake in the Golden Pass LNG facility.

Al-Kaabi said, “We are pleased to further enhance our global supply and trading portfolio with another long-term purchase of LNG from the U.S. These additional volumes make QatarEnergy the largest buyer of LNG from the U.S., and place us in a stronger position to meet the global growing needs for LNG.” He added that the Golden Pass LNG project and the expanding portfolio of US LNG purchases reinforce QatarEnergy’s leadership in the LNG industry and support its long-term growth and diversification strategy. The minister’s remarks were contained in the QatarEnergy statement released on Thursday.

Westcott said in the Woodside Energy announcement that the agreement demonstrated disciplined execution of the company’s strategy. “This landmark agreement brings together Woodside’s competitive US LNG project with QatarEnergy as a customer, one of the world’s leading energy companies,” she stated. Westcott noted that it represented a strong vote of confidence in Louisiana LNG and a significant step in building the project’s long-term customer base. The deal follows an earlier supply agreement Woodside Energy signed with Uniper, according to project updates in the company’s release.

Reuters reported on October 23, 2026 that the parties had been in talks for the supply arrangement, which comes as QatarEnergy sources additional US LNG to supply customers amid disruptions to shipping through the Strait of Hormuz linked to regional conflicts. The news agency noted that QatarEnergy had also reached a 4 million tonnes per annum long-term supply deal with Cheniere Energy the previous week. Woodside Energy had faced challenges securing long-term offtake for the Louisiana project earlier in 2026, Reuters figures show, as the company sought liquefaction fees above prevailing US market rates.

The Louisiana LNG project constitutes a $17.5 billion investment as of August 2026, Woodside Energy’s disclosures indicate. This latest agreement adds to QatarEnergy’s US portfolio at a time when global LNG demand continues to expand, with the companies’ statements reflecting confidence in the fuel’s long-term role in the energy mix. QatarEnergy’s strategy focuses on developing a flexible, diversified and globally competitive portfolio, its announcement concluded.

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Financial Arabia NewsDesk is the desk responsible for Financial Arabia's daily news coverage, monitoring and reporting developments across the Gulf from official sources, including national news agencies and government communications. Its focus is accurate, timely and factual coverage of the region.