The agreements were signed by the six NWS LNG Sellers and cover the supply of 1.37 million tonnes of LNG per annum (mtpa) for a long-term period starting in 2004.
Tokyo Gas and Toho Gas are existing long-term customers of NWS LNG and last year signed Letters of Intent for the supply of 1 mtpa of LNG. The companies have subsequently notified the Sellers of their requirements for a further 0.37 mtpa of LNG.
This is the first in a series of Sales and Purchase Agreements to be signed for supply of LNG from the North West Shelf Ventureís LNG expansion project. The project includes a fourth LNG processing train, which is currently under construction at the Venture's gas processing facilities on the Burrup Peninsula, Western Australia. First LNG from the fourth train is scheduled for mid-2004.
The agreements with Tokyo Gas and Toho Gas follows recent agreements with other Japanese customers, these being:
In April this year BHP Billiton announced approval for a fourth train expansion of the liquefied natural gas facilities at the North West Shelf Project on the Burrup Peninsula in Western Australia.
BHP Billitonís equity in the North West Shelf Project is 16.67 percent. The other participants are Woodside Energy Ltd (operator - 16.67 per cent); BP Developments Australia Pty Ltd (16.67 percent); Chevron Australia Pty Ltd (16.67 percent); Japan Australia LNG (MIMI) Pty Ltd (16.67 percent); and Shell Development (Australia) Proprietary Limited (16.67 percent).
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