NWS Partners and Tokyo Gas Sign LNG Deal

The North West Shelf (NWS) participants and Tokyo Gas Co., Ltd. of Japan have signed a heads of agreement for the ongoing supply of liquefied natural gas from Australia's largest resources project.

In a deal commencing in April 2009, the North West Shelf participants will supply around 0.53 million tonnes a year of additional LNG for eight years to Tokyo Gas on a delivered Japan basis. Tokyo Gas is Japan's largest gas utility company its second largest consumer of LNG. Tokyo Gas services the Tokyo region that has a population of approximately 44 million people and accounts for about 39 percent of Japan's GDP.

Tokyo Gas is a long-standing customer of the North West Shelf having signed an original contract in 1985 that ends in March 2009. In addition, the NWS participants and Tokyo Gas have an existing contract which started in 2003.

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 is not a party to this agreement.

Related Companies
 Company: BHP Billitonmore info

 - BHP Chairman Steps Down After Samarco Delayed Retirement (Oct 20)
 - BHP Strikes Oil at Caicos in Deepwater Gulf of Mexico (Oct 5)
 - Woodside Eyes LNG Boost After $400 Million Gas Deal With BHP (Sep 6)
 Company: BP plcmore info

 - BP Says Will Break Even With Oil At $55/Barrel In 2017 (Oct 18)
 - BP Boss Dudley Sees Oil Prices At $55-$70 For Rest Of The Decade (Oct 11)
 - BP Scraps Plan To Drill Off Australia's South Coast (Oct 11)
 Company: Shellmore info

 - Shell Suspends Pacific Northwest Crude-By-Rail Project (Oct 7)
 - Norway Gas Plant Workers Agree Wage Deal, Avoid Strike (Oct 7)
 - Oil Industry Teams Up to Fight Cyber-Crime (Sep 29)
 Company: Woodsidemore info

 - Woodside: Oil, Gas Deal Environment Has Improved Over Past Year (Oct 20)
 - Wheatstone LNG Development Start-Up in Mid-2017 Says Woodside CEO (Oct 20)
 - Woodside Eyes LNG Boost After $400 Million Gas Deal With BHP (Sep 6)
 Company: Chevron Corporationmore info
 - Chevron Confirms Is In Discussions For Potential Bangladesh Sale (Oct 13)
 - Kidnapped Romanian Oil Engineer in Niger Delta Released (Oct 13)
 - Jefferies: OPEC Output Cut Unlikely (Oct 11)
 Company: CNOOCmore info
 - CNOOC Commences Oil Production at Weizhou 6-9/6-10 Project in Beibu Gulf (Sep 13)
 - Ifax: Gazprom Invites China's CNOOC to Take Part in Offshore Oil Exploratio (Sep 6)
 - China Oil Giants Unmoved By Bull Rally After Worst Earnings (Aug 25)
 Company: Tokyo Gasmore info
 - Tokyo Gas Buys Eagle Ford Shale Stake, Despite Loss from Prior US Purchase (Jun 21)
 - Indonesia's Small-Scale LNG Plans Face Several Challenges (Apr 15)
 - Chevron Sees Australia's Gorgon Project Train 1 Restarting in 30-60 Days (Apr 6)
 Company: Japan Australiamore info
 - NWS JV to Develop $2B Greater Western Flank Phase 2 Project Off Australia (Dec 11)
 - NWS JV to Develop $1B Persephone Project Off Northwest Australia (Nov 27)
 - Japan Australia LNG Terminates Purchase Deal with Woodside for Browse LNG (Jan 2)
 Company: North West Shelf Australia LNGmore info
 - North West Shelf Increases LNG Supplies to Tohoku (Dec 4)
 - HMC Returning to Australian Waters (Nov 28)
 - CNOOC Boosts Q1 Production (Apr 26)
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Production Operator - Bladder Blade Separators/Manifolds Speci
Expertise: Mechanical Technician|Production Operator|Production Technologist
Location: Houston, TX
Commercial Engineering Analyst - Refinery
Expertise: Commercial Management|Refinery Specialist|Refinery Staff
Location: Baton Rouge, LA
US El Reno, OK: Associate Mechanic Technician - Mechanic Technician II
Expertise: Mechanical Technician
Location: El Reno, OK
search for more jobs

Brent Crude Oil : $51.38/BBL 2.44%
Light Crude Oil : $50.43/BBL 2.26%
Natural Gas : $3.14/MMBtu 0.94%
Updated in last 24 hours