OPERATIONS

NWS extends Japanese supply contract

The North West Shelf Venture has shrugged off some stiff regional competition in the LNG market t...

The agreement is for the supply and purchase of 0.5 million tonnes of LNG a year between 2009 and 2014 and 0.925 million tonnes of LNG a year between 2015 and 2023.

Kansai Electric is an existing customer of the North West Shelf Venture and signed an LNG sale and purchase agreement with the NWS in 1985 for 1.13 million tonnes of LNG a year for 20 years, starting in 1989.

North West Shelf Australia LNG president John Banner, said the venture was delighted to continue its business relationship with Kansai Electric.

"We are very pleased that Kansai Electric has chosen LNG from the North West Shelf Venture to meet its future energy needs," Banner said.

The Kansai Electric Power Company is Japan's second biggest power company and provides electricity to 13 million customers in Japan's Kansai region with a generating capacity of about 35,000 megawatts, from three nuclear plants, 13 fossil-fuelled plants, and 145 hydroelectric plants.

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

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

Future of Energy Report: Nuclear Power in Australia 2024

Energy News Bulletin’s new report examines what the energy and resources industry thinks of the idea of a nuclear-powered Australia.

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.