(Reuters) -Australia’s Woodside Energy said on Wednesday it has clinched an agreement to supply about 5.8 billion cubic metres of liquefied natural gas, to Turkish state-owned petroleum company BOTAS.

Australia’s biggest natural gas producer has agreed to supply for a period of nine years starting from 2030, primarily from its Louisiana LNG project, according to a company statement.

The deal comes at a time when the U.S. potentially faces an oversupply of LNG in the next few years, although Woodside remains optimistic about the demand side for the commodity, projecting growth of 50% over the next decade.

“The companies have already expressed their intention to expand the relationship beyond a proposed LNG sales agreement and build a strategic cooperation in the wider region,” said Alpa

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