NWS LNG WELCOMES GROWING INTEREST IN LNG SUPPLY
1 May, 2006
A new liquefied natural gas supply agreement with a long-term Japanese customer further confirms growing market interest in safe, secure and reliable supplies of LNG from the North West Shelf Venture, according to North West Shelf Australia LNG.
North West Shelf Australia LNG President Peter Cleary welcomed today's signing of a heads of agreement between Toho Gas Co., Ltd and the Venture.
"Toho Gas is a long-term and highly valued customer of the North West Shelf Venture," Mr Cleary said.
"We are very pleased to continue our long-term business relationship and friendship with Toho Gas which now extends more than 17 years. By 2009, our total supply commitment to Toho will exceed 1 million tonnes a year, making the North West Shelf one of its principal LNG suppliers."
"We remain focused on meeting the future needs of our existing LNG customers however we continue to receive significant worldwide interest, particularly from potential North-Asian customers, in long-term LNG supplies from the North West Shelf Venture."
Toho Gas and the North West Shelf Venture today signed a heads
of agreement which more than triples the Venture's original annual
LNG supply to Toho.
The six equal participants in the North West Shelf Venture are: BHP
Billiton Petroleum (North West Shelf) Pty Ltd; BP Developments
Australia Pty Ltd; Chevron Australia Pty Ltd; Japan Australia LNG
(MIMI) Pty Ltd; Shell Development (Australia) Proprietary Limited;
and Woodside Energy Ltd (Operator).
CNOOC NWS Private Limited is also a member of the North West Shelf Venture but does not have an interest in North West Shelf Venture infrastructure.
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