Australia-based oil and gas company Woodside has responded to media speculation that the company is about to forge a liquefied natural gas agreement with Taiwan-based CPC, by confirming that it is in discussions with potential Asian buyers.

In a press release, Woodside reiterated comments that it made in a recent presentation to investors, confirming that the company is in talks with potential buyers, including CPC, about significant volumes of liquefied natural gas (LNG). Woodside also said that a key terms agreement may soon be signed.

The company said that if any of these negotiations are successful, and a key terms agreement is concluded with CPC or any other buyer, it will make an appropriate disclosure.

Woodside recently signed a liquefied natural gas key terms agreement with PetroChina for the potential sale of two to three million tons of LNG per annum for a period of 15 to 20 years.