An agreement to supply around 0.5 million tonnes of Liquefied Natural Gas has been signed between members of the North West Shelf Venture and Japan's Chubu Electric Power Company Inc.
The agreement, to provide over 24 trillion British Thermal Units of LNG per year for seven years from 2009, will expand sales to Chubu to over 1 million tonnes per year.
Chubu Electric is Japan's third largest power utility and the second largest consumer of LNG.
North West Shelf Australia LNG President Peter Cleary welcomed today's signing of a heads of agreement between Chubu Electric Power Company, Incorporated and the Venture.
"Chubu Electric is a long-term and highly valued customer of the North West Shelf Venture," Mr Cleary said.
"We are extremely pleased to further enhance our long-term business relationship and friendship with Chubu Electric which now extends more than 17 years."
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.
