BHP Billiton , together with the other participants in the North West Shelf Venture, has signed an agreement with Chugoku Electric Power Co in Japan for the long-term supply of liquefied natural gas (LNG).
The 12-year agreement, commencing in April 2009, is for the supply of between 1.2 and 1.4 million tonnes of LNG or about 22 LNG cargoes a year to Chugoku Electric on an ex-ship basis.
BHP Billiton's Group President Energy, Mr Philip Aiken, said Chugoku Electric was the first of the North West Shelf Venture's original customers to renew its long-term LNG supply requirements with the project.
"We are pleased to be continuing to build on such a strong and highly valued relationship with Chugoku Electric."
"The signing is a significant milestone and reflects our interest in extending our long-term relationship with our existing buyers in Japan. The North West Shelf Venture continues to provide a high value product based on a reputation as a safe, stable and reliable supplier of LNG," Mr Aiken said.
The six equal participants in the NWS Project are: Woodside Energy Ltd. (16.67% and operator); BHP Billiton Petroleum (North West Shelf) Pty Ltd (16.67%); BP Developments Australia Pty Ltd (16.67%); Chevron Australia Pty Ltd (16.67%); Japan Australia LNG (MIMI) Pty Ltd (16.67%); and Shell Development (Australia) Pty Ltd (16.67%).
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.