North West Shelf Venture, Kyushu Electric Sign LNG Supply Deal

The North West Shelf Venture participant companies and Kyushu Electric Power Company, Incorporated of Japan have signed a heads of agreement for the ongoing supply of liquefied natural gas from Australia's largest resources project.

All eight of the North West Shelf Venture's original Japanese LNG customers have now renewed their long-term LNG purchase commitments.

The North West Shelf Venture will supply 0.73 million tonnes a year to Kyushu Electric in an eight-year deal commencing in April 2009.

Kyushu Electric is Japan's fourth-largest power utility. Kyushu Electric's service area, centered on the island of Kyushu, is home to about 15 million people and accounts for around 9.5 percent of Japan's GDP.

Kyushu Electric is a long-standing customer of the NWSV, having signed an original contract in 1985 that ends in March 2009 and a further contract in 2002.

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.

Related Companies
 Company: BHP Billitonmore info


 - 'You Wouldn't Do It': BHP Chair Regrets $20 Billion on Shale (Jun 29)
 - Woodside Sees Output Growing 15 Pct Over Next Three Years (May 23)
 - BHP Billiton Puts US Shale Gas Assets On The Block Again (Apr 26)
 Company: BP plcmore info


 - BP Says It Is Considering IPO of US Pipeline Assets (Jul 18)
 - Total, BP Unit, YPF Boost Investment in Argentina's Vaca Muerta (Jul 18)
 - Big Oil Sees Salvation in Gas, But What If It's a Wrong Bet? (Jul 18)
 Company: Shellmore info


 - BP Says It Is Considering IPO of US Pipeline Assets (Jul 18)
 - Top Oil Market Summons Poseidon to US-Mideast Crude Fight (Jul 18)
 - Big Oil Sees Salvation in Gas, But What If It's a Wrong Bet? (Jul 18)
 Company: Woodsidemore info


 - Woodside Sees Output Growing 15 Pct Over Next Three Years (May 23)
 - Energy Titans Get Schooled in Sharing as Billions Seen Blown (May 9)
 - Woodside Flags Growth Options After Tough Year (Feb 22)
 Company: Chevron Corporationmore info
 - Chevron Swings to Profit Even as Refining Returns Fall Short (Jul 28)
 - ExxonMobil Misses Estimates as Cuts Fail to Offset Output Declines (Jul 28)
 - Mexico Delays Next Oil Auction to Let Huge New Find Sink In (Jul 17)
 Company: CNOOCmore info
 - Alberta Regulators Charge Nexen Energy Over 2015 Pipeline Spill (Jul 6)
 - China's Teapot Refiners Set to Slow Crude Imports as Tanks Overflow (May 26)
 - Asia Oil Refinery Delays Favor Producer Case for Extending Output Cuts (May 22)
 Company: Kyushu Electricmore info
 - Chevron, Kyushu Sign Wheatstone LNG Agreements (Sep 16)
 - Kyushu Electric Signs on for Chevron's LNG (Jan 26)
 - Total Indonesia to Deliver LNG to Japanese Consortium (Feb 17)
 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.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Manager, Performance Testing & Analysis Job
Expertise: QA / QC / Inspection|Refinery Specialist|Research & Development
Location: Minneapolis, MN
 
Mechanic Technician Apprentice Job
Expertise: Mechanic|Mechanical Technician
Location: Chippewa Falls, WI
 
Bit Repair Technician
Expertise: Maintenance Technician|Painting / Coating / Blasting
Location: Oklahoma City
 
search for more jobs

Brent Crude Oil : $51.49/BBL 1.02%
Light Crude Oil : $49.04/BBL 0.59%
Natural Gas : $2.97/MMBtu 1.71%
Updated in last 24 hours