Australia?s NWS signs LNG sale deal with Shikouka Gas
Thursday, January 23 2003 - 05:30 AM WIB
?Yearly volumes will vary over the term of the 24-year contract, peaking at 135,000 tonnes of LNG a year. First deliveries under the agreement will start in 2005 and the LNG will be sold free on board,? said NWS operator Woodside Petroleum in a statement.
Shizuoka Gas is the sixth largest and one of the fastest growing gas companies in Japan. Its current customer base includes Shizuoka and Fuji, which is a major industrial centre for paper and chemical manufacture. Shizuoka Gas sells 70 percent of its gas to the industrial market.
This is the North West Shelf Venture's first long-term sale of LNG to Shizuoka Gas.
The Chief Executive Officer of the North West Shelf Venture, Steve Ollerearnshaw, said that the agreement reflected a strong sign of confidence in the Venture's ability to meet its customers' energy needs.
"We are very pleased to welcome Shizuoka Gas as a new customer of the North West Shelf Venture," Ollerearnshaw said.
Ollerearnshaw said the North West Shelf Venture's recent string of marketing successes in Asia was backed by an enviable reputation as one of the worlds most reliable suppliers of LNG.
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; ChevronTexaco Australia Pty Ltd; Japan Australia LNG (MIMI) Pty Ltd; and Shell Development (Australia) Proprietary Limited.(alex)