Japan’s Kyushu Electric adds to global LNG offtake

Wednesday, 28 November 2007

The agreement firms upo a deal ironed out earlier this year and increases the NWS LNG sales to Kyushu Electric to 1.23 million tonnes per annum after 2010, project operator Woodside Petroleum said in a statement.


North West Shelf Australia LNG President Peter Cleary welcomed the completion of the SPA between Kyushu Electric and the partners.


“The North West Shelf sellers highly value their long-standing business relationship and friendship with its Japanese customers and we are delighted that Kyushu Electric which has been a major customer of ours since 1989 has chosen to continue this relationship through the additional purchase of LNG,” said Cleary.


“We believe that this confirms growing market interest in the safe, secure and reliable supplies of LNG from the North West Shelf,” Cleary said.


The six equal participants in the NWS venture are: BHP Billiton, BP,   Chevron Corp., Japan Australia LNG Ltd, Royal Dutch Shell and Woodside.


China National Offshore Oil Corp. is also a member of the NWS venture but does not have an interest in the infrastructure.