On June 18, 2025, Australia’s Woodside Energy (WDS.AX) announced a new agreement with a subsidiary of Malaysia’s Petroliam Nasional (IPO-PETO.KL). The deal involves the supply of 1 million tonnes of liquefied natural gas (LNG) per year to Malaysia, commencing in 2028 and continuing for 15 years.

A view shows Woodside Energy's headquarters in Perth, Australia, April 19, 2025.

The agreement marks a significant step in meeting Malaysia’s energy needs. Woodside Energy stated that the LNG will be sourced from its existing portfolio, ensuring a stable supply for the duration of the contract. The company emphasized its commitment to reliable energy partnerships in the region.

A spokesperson for Woodside Energy noted: “This agreement strengthens our position as a trusted LNG supplier and supports Malaysia’s growing energy demands.” The deal aligns with both companies’ efforts to foster sustainable energy trade while maintaining long-term economic ties.

The LNG supply is expected to contribute to Malaysia’s domestic consumption, supporting industries and households. Both parties expressed optimism about the collaboration, highlighting its role in enhancing energy security. The agreement reflects a mutual focus on efficient and dependable energy solutions, with operations set to begin in 2028.