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Asia Pulse: NORTH WEST SHELF VENTURE SIGNS 12-YR CONTRACT WITH CHUGOKU

Mar 08, 2006
SYDNEY, March 8 Asia Pulse – The North West Shelf Venture has signed a 12-year contract with Chugoku Electric Power Co Inc for the long-term supply of liquefied natural gas (LNG).
The North West Shelf Venture will supply between 1.2 million and 1.4 million tonnes of LNG a year to Chugoku Electric on an ex-ship basis starting in April 2009.
Chugoku Electric is the first of the North West Shelf Venture's original Japanese LNG customers to renew its long-term LNG supply requirements with the project.
The North West Shelf Venture is operated by Woodside Petroleum's (ASX:WPL) Woodside Energy Ltd, which also holds equal ownership stakes alongside BHP Billiton Petroleum (North West Shelf) Pty Ltd, BP Developments Australia Pty Ltd, Chevron Australia Pty Ltd, Japan Australia LNG (MIMI) Pty Ltd and Shell Development (Australia) Pty Ltd.
Woodside's North West Shelf Ventures director Jack Hamilton said the venture was delighted to extend its long-term relationship with Chugoku Electric, which received its first LNG deliveries from the North West Shelf Venture in March 1990.
“Over the past two decades, the North West Shelf Venture has enjoyed a strong friendship and a mutually beneficial business relationship with our highly valued customer, Chugoku Electric,” he said.
(AAP)

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