Woodside and Hyundai to collaborate on LNG projects

Published by Ellie Brosnan, Editorial Assistant
Tanks and Terminals, Wednesday, 09 July 2025 10:00

Woodside Energy (Woodside) has signed a non-binding memorandum of understanding (MOU) with Hyundai Engineering and Hyundai Glovis, to establish a strategic framework to collaborate on LNG project development, engineering services, and shipping logistics.

The MOU will see the parties focus on advancing execution capability and extending their reach into priority LNG markets.

Woodside Executive Vice President and Chief Commercial Officer Mark Abbotsford welcomed the MOU, as he said: “Woodside is pleased to be deepening our longstanding relationship with Hyundai through this agreement. We are confident the synergies and complementary strengths of our organisations will support the delivery of high-quality LNG solutions to meet growing global demand.”

The combination of Woodside’s LNG development, Hyundai Engineering’s engineering, procurement, and construction (EPC) experience, and Hyundai Glovis’s global shipping reach positions the parties to respond to growing LNG demand across Asia-Pacific markets and selected new regions.

Read the article online at: https://www.tanksterminals.com/terminals/09072025/woodside-and-hyundai-to-collaborate-on-lng-projects/