Woodside Energy signed a 20-year deal with Mexico Pacific to buy 1.3 million tons of liquefied natural gas annually.
The purchase will be made from the Saguaro Energia LNG Project in Puerto Libertad, Sonora, Mexico.
The agreement is linked to US gas indices and is contingent on Mexico Pacific taking a final investment decision on the third train of their LNG project.
The decision is expected in the first half of 2024, and commercial operations should begin by 2029.