LNG

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.

Sept 6 (LNGJ) - BP Singapore said it delivered the UK major’s first carbon-offset liquefied natural gas cargo to CPC Corp. of Taiwan at its Yung An import terminal. The premium cargo transaction includes a self-imposed tax as a “mea culpa” for carbon emissions.

   “This is BP’s first delivery of carbon-offset LNG in the Asia-Pacific region, following its ‎first delivery globally to Sempra LNG at the Energia Costa Azul terminal in Mexico in ‎July 2021,” said BP. “This new carbon-offset LNG offer strengthens BP’s natural gas offering in ‎the region,” it added.