North West Shelf Project Participants Sign A Contract Extension With Kyushu Electric

abarrelfullabarrelfull wrote on 16 Apr 2012 16:39
Tags: australia lng

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Further to the news release on 22 February 2007 regarding the signing of the Sales and Purchase Agreement, the North West Shelf LNG sellers and Kyushu Electric Power Company Inc agreed a six year contract extension under the existing agreement.

The contract extension results in the sale of over 5 million tonnes and will see the North West Shelf Project supply LNG to Kyushu Electric under this agreement until March 2023.

Kyushu Electric Power Company Inc. is Japan’s fourth largest power utility and has been a major customer of the North West Shelf Project since 1989.

North West Shelf Australia LNG President Brian Mumme welcomed the contract extension between Kyushu Electric and each North West Shelf LNG seller.

“The North West Shelf LNG sellers value highly their long-standing business relationship with each of their Japanese customers.

“We believe this continues to confirm ongoing market interest in the safe, secure and reliable supplies of LNG from the North West Shelf Project,” Mr Mumme said.

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