North West Shelf LNG gets second renewal

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.