Korean LNG renewal for NWSV

THE North West Shelf Venture (NWSV) says it has signed a sale and purchase agreement with South Korean state-run natural gas provider, Korea Gas (Kogas), for the ongoing supply of liquefied natural gas.
Korean LNG renewal for NWSV Korean LNG renewal for NWSV Korean LNG renewal for NWSV Korean LNG renewal for NWSV Korean LNG renewal for NWSV

Operator Woodside today said under the deal, starting April 2009, NWSV will supply Kogas with up to 500,000 tonnes a year of LNG for seven years on a delivered basis.

It said Kogas was an important customer of the NWS, having signed a contract in 2003 that ends in March 2010. This sale and purchase agreement amends and extends the initial contract.

The six equal participants in the NWSV are Woodside Energy (operator); BHP Billiton (North West Shelf); BP Developments Australia; Chevron Australia; Japan Australia LNG (MIMI) and Shell Development (Australia).

CNOOC NWS Private is also a member of the NWSV but is not a party to this agreement.

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