Commonwealth Liquified Natural Gas (LNG) has signed a heads of agreement (HOA) to negotiate the future purchase of 2.0 million metric tons/year (mmty) of LNG by Woodside Energy Trading Singapore Pte Ltd. from its proposed terminal near Cameron, Louisiana.

Australia’s Woodside could secure a contract for 20 years of the project’s lifespan if it follows through with the non-binding agreement. However, its offtake obligation can be reduced or eliminated as Commonwealth takes on more purchasers.

Woodside also could be entitled to purchase an additional 0.5 mmty of LNG in the future, if it chooses.

Houston-based Commonwealth LNG is aiming for its 8.4 mmty liquefaction and export terminal to start loading shipments at the mouth of the Gulf of Mexico by 2Q2026.

Any future...