Woodside Locks In 20 Year Hybrid Tug Deal For Louisiana LNG [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
Woodside Energy Group (ASX:WDS) has signed a 20 year contract with Green Tug Towing. The agreement covers the design, construction, and operation of four hybrid tugboats. These tugs will support LNG carrier operations at Woodside's planned Louisiana LNG terminal. The deal links Woodside to local suppliers and shipbuilding in Louisiana. For investors watching Woodside's US plans, this contract ties directly to the build out of its Louisiana LNG project. The company operates in global oil and gas, and this step connects its LNG activities with on the ground marine support that will be needed once the terminal is running. This long term tugboat arrangement gives more visibility around how Woodside expects to run marine operations at the Louisiana site. It also indicates that planning for the terminal is moving beyond permits and design into long term operating commitments that could influence how the project is financed and scheduled. Stay updated on the most important news
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