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Woodside Energy has inked an agreement with South Korean state-owned natural gas firm Korea Gas Corp to supply liquefied natural gas (LNG) for more than a decade, the Australian oil and gas company said on Wednesday.
Under the supply deal, Woodside will supply about half a million tonnes of LNG per year for 10.5 years on a delivered basis, starting in 2026.
LNG to be supplied to Korea Gas will be sourced from Woodside's global portfolio, including its $12 billion Scarborough gas project which is targeting its first LNG cargo in 2026, it said.
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