WOODSIDE has boosted the prospects of engineers developing the $30 billion Browse liquefied natural gas joint venture after signing a long-term sales contract with Taiwan's CPC Corp which could be worth $35 billion to $45 billion.

In a key terms agreement, which has yet to be converted into a final sales agreement, CPC has agreed to buy 2 million to 3 million tonnes of LNG a year for 15 to 20 years.

CPC had publicly flagged the possibility of a deal soon after Woodside signed a very similar agreement with China's PetroChina in September.

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