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China back in the mix for Woodside's LNG

Angela Macdonald-Smith

Chinese LNG importers have re-engaged with Woodside Petroleum on potential long-term purchasing deals for offtake from the $16 billion Scarborough project in Western Australia as appetite for new contracts sharpens amid the current super-tight spot market.

Chief executive Peter Coleman said China's demand for LNG had continued to grow, by 8 to 10 per cent last year, while prospective new LNG projects were now thinner on the ground as last year's price slump took a toll on some rivals' balance sheets.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/companies/energy/china-back-in-the-mix-for-woodside-s-lng-20210121-p56vwo