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agreement, which begins in 2027, involves Woodside supplying about 0.6 million tons of the fuel annually over 15 years, the Australian energy company said in a statement Monday.Shares in the Chinese company were last up 3.5% at 28.40 Hong Kong dollars, equivalent to US$3.65, in Hong Kong trading, outperforming the benchmark Hang Seng Index.\"This marks the first time Woodside on a standalone basis has signed a long-term sale agreement with a customer in China, Asia's largest consuming market for LNG,\" said Woodside executive vice president & chief commercial officer Mark Abbotsford.The deal with China Resources is Woodside's fourth long-term LNG sales agreement in Asia since the beginning of 2024.It also marks the first time that China Resources has signed an agreement to procure LNG over a period of 15 years, Abbotsford added.The move shows the 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Hughes, Woodside Advance Net Power Decarbonization Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2517543623","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517543623?lang=en_us&edition=fundamental","pubTime":"2025-03-07 21:12","pubTimestamp":1741353120,"startTime":"0","endTime":"0","summary":"Baker Hughes Company , a leading energy technology company, and Woodside Energy have strengthened their collaboration to develop a small-scale decarbonization solution leveraging Net Power’s innovative platform. The companies announced a new Technology Development Agreement  aimed at advancing low-carbon power generation solutions tailored for oil and gas, heavy industries and other applications.The initiative builds upon a 2022 Memorandum of Understanding  between Baker Hughes and Woodside that focused on reducing emissions across the natural gas supply chain. It follows Baker Hughes’ July 2024 agreement with Woodside, in which the company signed a 10-year service frame agreement to support the latter’s LNG operations in Australia with critical spare parts, maintenance services and digital asset performance solutions.The TDA will assess the feasibility of scaling Net Power’s technology to different industrial needs, with plans to incorporate additional development partners to refine 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