Woodside signs 15-year LNG supply deal with Malaysia’s Petronas

KUALA LUMPUR, September 11, 2025 – Australia’s Woodside Energy has finalised a 15-year LNG supply agreement with Malaysia’s Petronas for 1 million tonnes per year (tpy) starting in 2028, the company announced on Wednesday.

The sale and purchase agreement was signed between Woodside Energy Trading Singapore and Petronas LNG, converting a non-binding heads of agreement signed in June 2025 into a binding deal.

Under the agreement, LNG will be delivered from Woodside’s global portfolio, potentially including volumes from its recently approved Louisiana LNG project in the USA.

“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,” Woodside executive vice-president and chief commercial officer Mark Abbotsford said.

Petronas said the deal supports energy security in Peninsular Malaysia as the country seeks to meet rising gas demand driven by data centre growth, adoption of artificial intelligence and the shift from coal-fired power.

“Our collaboration with Woodside Energy represents an important step towards ensuring reliable and flexible supply for Malaysia’s growing economy,” Petronas vice-president of LNG marketing and trading Shamsairi Ibrahim said.

Woodside Energy is an Australian oil and gas company with global operations spanning Australia, Senegal, the USA and Mexico. Its portfolio includes LNG, deepwater and conventional assets, with key supply positions in Asia.

Petronas is Malaysia’s state-owned energy company with upstream and downstream operations in over 50 countries. In Malaysia, it is the principal LNG producer and exporter, operating several gas liquefaction complexes including in Bintulu, Sarawak.

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