Royal Dutch Shell Plc  .com Rotating Header Image

AFX Asia (Focus): Australia’s Woodside signs LNG export deal with Tokyo Gas, Kansai Electric

Published: Aug 24, 2007

SYDNEY (Thomson Financial) – Woodside Petroleum Ltd, Australia’s largest oil and gas producer, has signed a multi-billion-dollar deal to export liquefied natural gas (LNG) to Tokyo Gas Co and Kansai Electric Power Co Inc of Japan, Woodside said Friday.

Woodside will supply the Japanese companies with up to 3.75 million tonnes of LNG per year from its Pluto project in northwestern Australia. The deal is for 15 years, starting in late 2010.

Tokyo Gas and Kansai Electric have stakes of five percent each in the Pluto project.

Last month, Woodside’s board approved spending of 11.2 billion Australian dollars on the development of the Pluto project.

The Royal Dutch Shell group owns 34 percent of Woodside.

(1 US dollar = 1.22 Australian dollars)

[email protected] ys/jm

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.