Sept 27 (LNGJ) - Beach Energy has entered into a preliminary supply accord with UK major BP’s Singapore trading arm for all of Beach’s volumes from the Waitsia Gas Project in the onshore Perth Basin of Western Australia being developed with Japanese partner Mitsui. Beach Energy said the heads of agreement contained all material terms and conditions for BP purchasing all of Beach's 3.75 million tonnes per annum from the second half of 2023.
The feed gas will be processed at the North West Shelf liquefaction plant operated by Woodside under a tolling agreement. Supply will be delivered on a free-on-board (FOB) basis, linked to both Brent crude and the Japan-Korea Marker spot cargo price indices, from the NWS facilities in Karratha where BP is already one of six shareholders.
