Methanex
Australia gas sales and purchase agreement
Posted: 2 June 2003
North West Shelf Gas advises that each of the North West Shelf
participants have signed anamended conditional gas sales and purchase
agreement with Methanex Australia Pty Ltd.
Under the amended gas sales and purchase agreement, the NWS participants
will supply gas toMethanex at a base rate of 100 Tj/d for 20 years
to meet the requirements of its methanolproduction facility.
Methanex announced on 13 March 2003 that it had put on hold its
project based on 200 Tj/d over25 years, as the company studied an
alternative design to support its long-term methanol supply toits
customers in Asia Pacific from the Burrup Peninsula in Western Australia.
John Richards, General Manager North West Shelf Gas said that the
amended agreementreflected the ongoing commitment by the North West
Shelf Venture to support Methanex’sproposed methanol plant
on the Burrup.
"We are delighted to have put in place the amended gas sales
and purchase agreement withMethanex and look forward to supplying
the future gas requirements of their project," Mr Richardssaid.
"The amended agreement recognises the changing external environment
facing Methanex andbuilds a solid foundation for future gas sales
to that project.
“The amended Gas Sales and Purchase Agreement is subject
to Board approvals of the NWSVenture participant companies as well
as the Board of Methanex.
It is also conditional on finalised plant costs meeting Methanex’s
requirements.
North West Shelf Gas Pty Ltd is the Australian domestic gas marketing
representative for the NorthWest Shelf Venture.
Posted by Richard Price,
Editor Pipeline Magazine
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