The North West Shelf Venture participants and Korea Gas Corporation have signed an LNG sale
and purchase agreement for the ongoing supply of liquefied natural gas from Australia's largest
In a deal starting in April 2009, the North West Shelf Venture will supply Kogas with up to 0.5
million tonnes a year of LNG for seven years on a delivered basis.
Kogas is an important customer of the North West Shelf, having signed a contract in 2003 that ends in March 2010. This sale and purchase agreement amends and extends the initial contract.
The six equal participants in the North West Shelf 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.
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