North West Shelf Venture continues with Kansai Electric
Posted: 10 September 2003
The North West Shelf Venture LNG Sellers today signed a heads of
agreement with The Kansai Electric Power Company, Inc., for long-term
LNG supply.
The agreement is for the supply and purchase of 0.5 million tonnes
of LNG a year between 2009 and 2014 and 0.925 million tonnes of
LNG a year between 2015 and 2023.
Kansai Electric is an existing customer of the North West Shelf
Venture and signed an LNG sale and purchase agreement with the NWS
LNG Sellers in 1985 for 1.13 million tonnes of LNG a year for 20
years, starting in 1989.
North West Shelf Australia LNG President John Banner, said the
Venture was delighted to continue its business relationship with
Kansai Electric. “We are very pleased that Kansai Electric
has chosen LNG from the North West Shelf Venture to meet its future
energy needs,” Mr Banner said. “Kansai Electric was
one of our first LNG customers and over the past 14 years its support
and commitment has helped us to become Australia’s biggest
resource development. We look forward to further strengthening our
valued relationship in the years ahead.”
The Kansai Electric Power Company is Japan’s second biggest
power company and provides electricity to 13 million customers in
Japan's Kansai region.
The utility has a generating capacity of about 35,000 megawatts,
which is produced by three nuclear plants, 13 fossil-fuelled plants,
and 145 hydroelectric plants.
North West Shelf Australia LNG provides LNG marketing services
to the North West Shelf Venture participant companies.
Mr Banner added that the North West Shelf Venture recently reached
a major milestone in delivering its 1500th cargo of LNG to Japan,
demonstrating the project’s excellent reputation as a reliable
producer and supplier 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.
For more information see http://www.woodside.com.au/.
Posted by Richard Price,
Editor Pipeline Magazine
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