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North West Shelf Venture and Kansai Electric sign LNG Heads of Agreement

Source: www.gulfoilandgas.com 9/11/2006, Location: Not categorized

The North West Shelf Venture participant companies and Kansai Electric of Japan have signed a Heads of Agreement for the ongoing supply of liquefied natural gas from Australia’s largest resources project.

In an eight-year deal commencing in April 2009, the North West Shelf Venture will supply an average of around 0.4 million tonnes a year to Kansai Electric on an ex-ship basis.

Kansai Electric is a long standing customer of the NWSV, having signed an original contract in 1985 that ends in March 2009.

The six equal participants in the NWS Venture are: Woodside Energy Ltd. (16.67% and operator); BHP Billiton Petroleum (North West Shelf) Pty Ltd (16.67%); BP Developments Australia Pty Ltd (16.67%); Chevron Australia Pty Ltd (16.67%); Japan Australia LNG (MIMI) Pty Ltd (16.67%); and Shell Development (Australia) Proprietary Limited (16.67%).

CNOOC NWS Private Limited is also a member of the North West Shelf Venture but does not have an interest in North West Shelf Venture infrastructure.

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