OPERATIONS

4th train full after Chubu LNG sale

The North West Shelf partners have added another feather to their cap by sealing a sale and purch...

4th train full after Chubu LNG sale

The 15-year contract finalises a key terms agreement signed with Chubu Electric in August 2001 and also represents the last uncommitted production from the $2.4 billion fourth production train now under construction at its gas plant near Karratha, Western Australia.

The fourth LNG train has a capacity of 4.2 million tonnes of LNG a year, significantly increasing capacity from an existing 7.5 million tonnes of LNG a year.

A second offshore trunkline is also being constructed, enhancing operational reliability and providing opportunities for growth, while a ninth LNG ship, due for delivery in April 2004, will add capacity to the Venture's shipping fleet of eight purpose-built LNG ships.

NWS Australia LNG president John Banner said that the NWS Venture was delighted to be continuing its business relationship with Chubu Electric.

"The agreement is a sign of confidence in the NWS Venture as a dependable producer and supplier of LNG at a time of increasing competition in the LNG market. We look forward to continue building on the strong ties that the Venture has established with its valued Japanese customers."

Chubu Electric is an existing customer of the NWS Venture and is Japan's third largest power company based in the city of Nagoya. The utility is the second largest importer of LNG into Japan with LNG-fired power stations accounting for more than 40% of its total generating capacity.

The six equal participants in the North West Shelf Venture are Woodside Energy (Operator); BHP Billiton Petroleum; 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

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