BHP Billiton Signs LNG Sales and Purchase Agreement With Shell.Business Editors & Energy Writers MELBOURNE, Australia--(BUSINESS WIRE)--May 29, 2002 BHP Billiton BHP Billiton is the world's largest mining company.[1] Its origin is in the 2001 merger of Australia's Broken Hill Proprietary Company (BHP) and the UK's Billiton, which has a South African background. The result is a dual-listed company. , together with the other participants in the North West Shelf Venture, today signed Sales and Purchase Agreements with Shell Eastern LNG LNG (liquefied natural gas): see under natural gas. (Shell) for the sale of liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG) from the North West Shelf Venture in Western Australia Western Australia, state (1991 pop. 1,409,965), 975,920 sq mi (2,527,633 sq km), Australia, comprising the entire western part of the continent. It is bounded on the N, W, and S by the Indian Ocean. Perth is the capital. (NWS NWS National Weather Service NWS Naval Weapons Station NWS New World Symphony NWS Nuclear Weapon State NWS Not Work Safe NWS National Watercolor Society NWS North Warning System NWS Nose Wheel Steering NWS National Waste Strategy (UK) ). The agreement covers the supply of up to 3.7 million tonnes of LNG between 2004 and 2009 from the NWS LNG expansion project. The actual volume will be dependent on the volume of LNG that the North West Shelf LNG Sellers commit to long-term customers in the core markets of Japan, Korea, China and Taiwan. Shell will use the LNG to develop market opportunities outside of the core markets of the NWS LNG Sellers. The agreement with Shell follows the Key Terms Agreement signed in May 2001, and is the fourth in a series of Sales and Purchase Agreements to be signed for supply of LNG from the North West Shelf Venture's LNG expansion project. The project includes a fourth LNG processing train at the Venture's gas processing facilities on the Burrup Peninsula, Western Australia, and a second trunkline from the North Rankin A Platform to shore. First LNG from the fourth train is scheduled for mid- 2004. BHP Billiton's equity in the North West Shelf Project is 16.67 per cent. The other participants are Woodside Energy Ltd (operator - 16.67 per cent); BP Developments Australia Pty Ltd (16.67 per cent); Chevron Australia Pty Ltd (16.67 per cent); Japan Australia LNG (MIMI Mimi her love for Rodolfo ended by her early death. [Ital. Opera: Puccini, La Bohème, Westerman, 348–350] See : Love, Tragic ) Pty Ltd (16.67 per cent); and Shell Development (Australia) Proprietary Limited (16.67 per cent). Further information can be found on our Internet site: http://www.bhpbilliton.com |
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