The agreement is for the supply of approximately 0.5 million metric tons per annum of LNG for a period of 10.5 years on a delivered basis starting in 2026.
Woodside reported $1.7 billion in net profit for 2023, down 74 percent compared to 2022 as weaker oil and gas prices and higher costs offset increased sales and production.
Further, Woodside and JERA have entered into a non-binding heads of agreement for the sale and purchase of six LNG cargoes on a delivered ex-ship basis per year for 10 years starting in 2026.
Eni resumed its oil and gas production growth trajectory in the fourth quarter but saw profit decline as selling prices declined for not only oil and gas but also renewables.