Woodside and Keppel have signed a conditional Offtake Term Sheet for the supply and purchase of liquid hydrogen to power Keppel's data centres in Singapore. This collaboration stems from a non-binding Heads of Agreement signed in April 2023 and aims to establish commercial principles leading to a future binding offtake agreement for liquid hydrogen supply, potentially starting in 2030. The sources of liquid hydrogen would include Woodside's proposed production facilities, such as H2Perth. Keppel plans to integrate this potential liquid hydrogen supply into a broader, long-term utility-scale lower carbon power portfolio to support its assets in Singapore. Woodside's CEO, Meg O'Neill, and Keppel's CEO of Data Centres, Mr. Wong Wai Meng, expressed enthusiasm for this opportunity to provide lower carbon energy, highlighting the importance of sustainable energy solutions. The Term Sheet is subject to the negotiation and execution of a Sale and Purchase Agreement and obtaining necessary approvals. Both companies see this agreement as a significant milestone towards advancing hydrogen opportunities and fostering a more sustainable energy future.