Woodside Energy and Petronas ink 15-year LNG supply deal
1. WDS signed a 15-year LNG supply agreement with Petronas starting 2028. 2. This deal involves supplying 1 million metric tons annually, boosting WDS's revenue.
FAQ
Why Bullish?
This long-term contract guarantees revenue stability for WDS, similar to past deals that led to stock price increases. Historical trends show long-term contracts positively influence investor sentiment.
How important is it?
This agreement secures a large supply contract, enhancing reliability and market trust in WDS, which is crucial as the global energy market shifts.
Why Long Term?
The deal extends through 2028, providing significant future revenue assurance, akin to previous contracts which resulted in sustained price growth for energy stocks.