The Australian Financial Review today reported that Toho would buy a further 760,000 metric tonnes of LNG per year from Woodside, which manages the NWSV project, on an ex-ship basis from April 2009.
The deal follows a one-year agreement between the two companies signed in May.
Toho Gas is the second of the project’s original Japanese customers to renew its long-term LNG supply requirements, after Chugoku Electric signed a contract in April to be supplied with 1.2-1.4 million tonnes (MMt) of LNG per annum.
Combined with existing contracts, the latest deal takes the total LNG Toho has sourced from the NWS to 1MMt.
Based in Nagoya, Toho Gas is the third-largest gas provider in Japan, after Tokyo Gas and Osaka Gas.
Toho Gas distributes gas from three facilities – the Chita LNG terminal, the Yokkaichi works and the Chita-Midorihama works. Its gas distribution network in Japan includes a 25,000km pipeline network.
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).
