OPERATIONS

NWS signs gas sales agreement with Kyushu Electric, more on the way

The North West Shelf LNG sellers have signed an agreement with long-standing customer Kyushu Electric Power Co Inc for the sale and purchase of 500,000 tonnes a year of liquefied natural gas. The agreement, which is on an ex-ship basis is part of a long-term arrangement that will begin in 2006.

It is the third agreement signed for supply of LNG from the NWS Venture's expansion project that is currently under way at the venture's onshore gas plant on the Burrup Peninsula.

The expansion includes a fourth LNG processing train with a production capacity of 4.2 million tonnes per annum of LNG and a second trunkline that will link the venture's offshore production and onshore gas processing facilities.

Kyushu Electric is Japan's fourth-largest power utility and seventh-largest consumer of LNG, currently using about 2.5 mtpa.

The NWS partners have so far concluded sales and purchase agreements with Tokyo Gas, Toho Gas, Osaka Gas while a Letter of Intent has been signed with Tohoku Electric. Key agreements have also been signed with Chubu Electric and Shell Gas & Power.

Woodside said negotiations are continuing with other Japanese customers and agreements for further LNG sales are expected to be concluded in the near future.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry