NWS LNG CONCLUDES FIRST FULL EXTENSION CONTRACT TO JAPAN
14 December, 2006
The North West Shelf Venture participants and Toho Gas Co. today signed a Sale and Purchase Agreement, under which the North West Shelf Venture will supply up to 760,000 tonnes of LNG a year to Toho on an ex-ship basis from April 2009. The Sale and Purchase Agreement is the fully termed successor to the binding Heads of Agreement signed with Toho Gas in May of this year.
North West Shelf Australia LNG President Peter Cleary welcomed the signing.
"Toho Gas is a long-term and highly valued customer of the North West Shelf Venture," Mr Cleary said.
"We are very pleased to continue our long-term business relationship and friendship with Toho Gas which now extends more than 17 years. By 2009, our total supply commitment to Toho will exceed 1 million tonnes a year, making the North West Shelf one of its principal LNG suppliers."
Based in Nagoya, Toho Gas is the third largest city gas provider in Japan, after Tokyo Gas Co., Ltd., and Osaka Gas Co. Ltd.
Toho Gas manufactures city gas at three facilities, the Chita LNG terminal, the Yokkaichi works and the Chita-Midorihama works. Its gas distribution network includes a 25,000km pipeline network.
The six equal participants in the North West Shelf Venture are: BHP Billiton Petroleum (North West Shelf) Pty Ltd; BP Developments Australia Pty Ltd; Chevron Australia Pty Ltd; Japan Australia LNG (MIMI) Pty Ltd; Shell Development (Australia) Proprietary Limited; and Woodside Energy Ltd (Operator).
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.
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