Australia's North West Shelf LNG venture signs supply deal with Japan's Kyushu |
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Published
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Fri, 23 Feb 2007 00:35
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SYDNEY (XFN-ASIA) - North West Shelf venture participant companies and Japan's Kyushu Electric Power Co Inc have signed a heads of agreement for the supply of liquefied natural gas from Australia's largest resources project, operator Woodside Petroleum Ltd said.It said all eight of the North West Shelf Venture's original Japanese LNG customers have now renewed their long-term LNG purchase commitments.Woodside said the venture will supply 0.73 mln metric tons a year to Kyushu Electric in an eight-year deal starting in April 2009. It did not disclose the value of the contract.Kyushu Electric signed an original contract in 1985 that ends in March 2009 and a further contract in 2002.The six equal participants in the North West Shelf venture with 16.67 pct each are Woodside Energy, BHP Billiton Petroleum, BP Developments Australia, Chevron Australia, Japan Australia LNG (MIMI) Pty Ltd -- comprising Mitsui and Mitsubishi -- and Shell Development (Australia).China's CNOOC NWS is also a member of the venture but does not have an interest in North WestShelf's infrastructure.bruce.hextall@xfn.comblh/mas
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Australia's North West Shelf venture signs LNG gas deal with Korea Gas 