BUZZ-Australia's Woodside Energy gains on LNG supply deal with Chinese firm

Reuters
03-17
BUZZ-Australia's Woodside Energy gains on LNG supply deal with Chinese firm

** Shares of Woodside Energy WDS.AX rise 1.7% to A$22.755, their highest level since March 11

** Energy giant says it had signed a long-term sale and purchase agreement with China Resources Gas International for the supply of liquefied natural gas $(LNG)$ to China

** Under agreement, co will supply 0.6 million metric tons of LNG annually over 15 years, with deliveries set to commence in 2027 - co

** Stock rose as much as 2.1% earlier in the day, marking its biggest intraday gain since March 10

** Stock down 7.5% YTD

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))

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