Gas
agreement signed with Western Power Corporation
Posted: 4 March 2004
North West Shelf Gas advises that the North West Shelf Venture
participants today signed a gas sale and purchase agreement with
Western Power Corporation for a total of 700 petajoules of gas.
The agreement extends to the end of 2022 or until the 700 petajoules
of gas is consumed, whichever comes first.
The agreement replaces the NWS Venture’s existing contract
with Western Power, which was signed in 1994 with the then State
Energy Commission of Western Australia.
In the short term, daily volume requirements by Western Power are
not expected to be materially different to current arrangements.
Initial daily quantities are expected to be about 100 – 110
terajoules of gas a day.
However, the new contract provides Western Power with additional
gas supply should it proceed with the Cockburn 2 power station.
General Manager North West Shelf Gas, John Richards said the North
West Shelf Venture was delighted to be extending its business relationship
with Western Power.
"The North West Shelf Venture has had a long-standing and
rewarding relationship with Western Power since the first days of
gas supply to the State's south west in the 1980s," Mr Richards
said.
“We are now extending this relationship, providing Western
Australians with a long-term and reliable gas supply.” Mr
Richards said that the North West Shelf Venture was well positioned
for future growth in the domestic gas market and continued to offer
competitive energy options for existing and potential gas customers.
“This year we are celebrating 20 years of gas supply to Western
Australia,” he said.
“This is a major milestone for the Venture and the State
and we look forward to building on this significant achievement.”
North West Shelf Gas Pty Ltd is the Australian domestic gas marketing
representative for the North West Shelf Venture.
Interests in the gas sale and purchase agreement were owned by
the operator, Woodside Energy Ltd.
(50.0 per cent); BP Developments Australia Pty Ltd (16.67 per cent);
ChevronTexaco Australia Pty Ltd (16.67 per cent); BHP Billiton Petroleum
(North West Shelf) Pty Ltd (8.33 per cent); and Shell Development
(Australia) Proprietary Limited (8.33 per cent).
Posted by Richard Price,
Editor Pipeline Magazine
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