Apache, Kufpec sign up LNG supplies from Wheatstone

Apache Energy Ltd. and Kufpec Australia Pty. Ltd. signed a heads of agreement to supply 25% of the 3.1 million tonnes/year of LNG that Wheatstone field operator Chevron Corp. had agreed to sell to Tokyo Electric Power Co. (Tepco) from the project.

Rick Wilkinson
OGJ Correspondent

MELBOURNE, Oct. 13 -- Apache Energy Ltd. and Kufpec Australia Pty. Ltd. signed a heads of agreement to supply 25% of the 3.1 million tonnes/year of LNG that Wheatstone field operator Chevron Corp. had agreed to sell to Tokyo Electric Power Co. (Tepco) from the project.

Chevron and Tepco originally signed a deal last December to supply LNG for up to 20 years.

Last October Apache and Kufpec aligned their Julimar and Brunello gas field projects with the Wheatstone development. They agreed to supply gas from their two fields for Wheatstone Trains 1 and 2 in exchange for a 16.25% and 8.75%, respectively, equity stake in the processing facilities.

The latest agreement provides a finite plan for integrating Apache and Kufpec into the Chevron/Tepco heads of agreement.

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