North West Shelf LNG gets second renewal

May 2, 2006
The North West Shelf LNG Joint Venture has signed its second renewal contract with an original customer.

Rick Wilkinson
OGJ Correspondent

MELBOURNE, May 2 -- The North West Shelf LNG Joint Venture has signed its second renewal contract with an original customer.

Toho Gas of Japan agreed to purchase 760,000 tonnes/year of LNG over 10 years from 2009. This will follow on from the company's original 20-year deal to buy 230,000 tonnes/year a year from 1989.

In March, the joint venture completed a deal with Chugoku Electric Power to supply the Japanese company with up to 1.4 million tonnes/year of LNG for 12 years. Chugoku's original deal is for 1.1 million tonnes/year between 1989 and 2009.