Australia's Woodside Energy has signed a long-term deal with China Resources Gas International to supply liquefied natural gas to China. The 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.

Woodside Energy (NYSE:WDS) said Monday it signed an agreement with China Resources Gas to send liquefied natural gas to China, in the first binding LNG supply deal between Chinese and Australian companies in years.