Woodside Finalizes Long-Term LNG Supply Deal for Turkish Customer

Woodside and Turkey’s Boru Hatları ile Petrol Taşıma A.Ş. (BOTAŞ) have finalized and signed a sale and purchase agreement (SPA) to supply approximately 0.5 MTPA of LNG for up to nine years. In total, Woodside will deliver BOTAŞ about 5.8 billion cubic meters of natural gas equivalent starting in 2030.

“This supply agreement with BOTAŞ represents a strategic milestone for Woodside, given it is our first long-term LNG supply arrangement with the Turkish market,” said Mark Abbotsford, Executive Vice President and Chief Commercial Officer, Woodside. “It is yet another demonstration of the strength and flexibility of Woodside’s diversified portfolio and ability to deliver on our global ambitions. Woodside also appreciates the support shown by the Turkish and United States governments following the announcement of the HOA earlier this year.”

Per the signed SPA, LNG will be primarily supplied from Woodside’s under-construction Louisiana LNG project in the United States, in addition to other assets in the company’s broader portfolio. This milestone signing marks the successful conversion of a non-binding heads of agreement, finalized in September 2025, into a binding commitment.

A binding commitment bolsters the shared ambition of Woodside and BOTAŞ to deepen their collaboration across the LNG value chain. Also, the agreement strengthens the Turkish-U.S. relationship and establishes a route for Woodside to build a larger strategic relationship with BOTAŞ, supporting energy security and economic growth for Turkey and the United States.

Gas Supply at Louisiana LNG

In May 2025, Woodside Energy selected bp as the integrated major natural gas supplier for its Louisiana LNG project. Louisiana LNG Gas Management (GasCo) will purchase up to 640 Bcf of natural gas from bp, which will be delivered to Louisiana LNG’s line 200 starting in 2029. GasCo will leverage Louisiana LNG’s connections to multiple production basins and pipeline network to implement a gas sourcing strategy, integrating the first diversified portfolio of feed gas to support Woodside Energy’s newest LNG endeavor.

“Louisiana LNG is a compelling investment, expected to deliver significant cash generation and create long-term shareholder value,” said Meg O’Neill, Woodside Energy CEO. “Securing this gas supply agreement is an important step for the project. Woodside has a long history of successful collaboration with bp. By drawing upon bp’s experience with MiQ certificates, we can access verifiably low methane intensity molecules for the Louisiana LNG project. This supports Woodside’s goals as a member in the UN Environment Program’s OGMP 2.0 initiative.”

Net Power Platform

In early March 2025, Baker Hughes and Woodside Energy signed a technology development agreement (TDA) and established a joint initiative to develop a small-scale, low-carbon power generation solution utilizing the Net Power platform. The solution will use natural gas to generate low-cost power while capturing most CO₂ emissions. Under the TDA, the partnership will also assess the feasibility and industrial market scalability of Net Power’s platform.

Baker Hughes and Woodside will recruit additional development partners to modify the concept in accordance with the continuously evolving requirements of various captive power generation segments. This agreement builds on a memorandum of understanding signed in 2022, which planned to decarbonize the natural gas supply chain. Baker Hughes is the sole provider of small-scale technology for the Net Power platform.