The agreement is the second Sales and Purchase Agreement signed for supply of LNG from the North West Shelf's expansion project, currently under way at the North West Shelf Venture's onshore gas plant on the Burrup Peninsula, Western Australia. The expansion includes a fourth LNG processing train with a production capacity of 4.2 mtpa, and a second trunkline that will link the Venture's offshore gas production and onshore gas processing facilities.
Woodside Managing Director John Akehurst said that the agreement reflected a strong sign of confidence in the operating performance and reliability offered by the North West Shelf. "The North West Shelf has established itself as a pre-eminent supplier of LNG to the Asia-Pacific region and we are very pleased to extend our business relationship with Osaka Gas." Osaka Gas is one of the North West Shelf LNG Project's existing customers, taking about 790,000 tons per annum of LNG under a 20-year agreement that commenced in 1989. The company is based in the Kansai region of western Japan and serves more than six million customers, providing comprehensive gas related services ranging from production and supply of gas to sales of gas equipment.
As previously advised on October 25, 2001, the North West Shelf LNG Sellers signed a Sales and Purchase agreement with Tokyo Gas and Toho Gas for the purchase and supply of 1.37 mtpa of LNG, staring in 2004.
Letters of Intent have also been announced with:
Key terms agreements have been announced with:
The six equal Participants in the North West Shelf Venture are: Woodside Energy Ltd. (operator); BHP Billiton Petroleum (North West Shelf) Pty Ltd; BP Developments Australia Pty Ltd; Chevron Australia Pty Ltd; Japan Australia LNG (MIMI) Pty Ltd; and Shell Development (Australia) Proprietary Limited.
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