Australian energy company Woodside and Singapore's Keppel Corporation have signed a conditional Offtake Term Sheet for the supply of liquid hydrogen to power Keppel’s data centres in Singapore. The agreement, which follows a non-binding Heads of Agreement signed in April 2023, outlines key commercial principles that could lead to a binding offtake agreement as early as 2030. Woodside's proposed production facilities, including H2Perth, are potential sources of the liquid hydrogen. Keppel plans to integrate the hydrogen supply into a broader, long-term, lower-carbon energy portfolio to support its assets. Woodside CEO Meg O'Neill and Keppel Data Centres CEO Wong Wai Meng both expressed positivity about the agreement, with O'Neill calling it a 'significant milestone' in advancing hydrogen opportunities and Wong stating that it strengthens their efforts to ensure a stable, lower-carbon energy supply for their facilities. The agreement is subject to further negotiations, approvals, and the signing of a full Sales and Purchase Agreement.