Signs LNG Sales with Kyushu

BHP Billiton Limited 26 April 2002 BHP Billiton Limited is issuing this announcement to fulfil disclosure obligations arising from its secondary listing on the London Stock Exchange. The text of this release is identical to that issued by BHP Billiton Plc earlier. 26 April 2002 Number 24/02 BHP BILLITON SIGNS LNG SALES AND PURCHASE AGREEMENT WITH KYUSHU ELECTRIC BHP Billiton, together with the other participants in the North West Shelf Venture, today signed Sales and Purchase Agreements with Kyushu Electric Power Co. Inc. for the purchase and supply of liquefied natural gas (LNG) from the North West Shelf (NWS) in Western Australia. The agreement was covers the supply of 0.5 million tonnes of LNG per annum (mtpa) for a long-term period starting in 2006. Kyushu is an existing long-term customer of NWS LNG and Japan's fourth largest power utility. The agreement with Kyushu Electric follows the Letter of Intent (LOI) signed in March 2001, and is the third 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 platform to shore. First LNG from the fourth train is scheduled for mid-2004. The agreement with Kyushu Electric is the latest in several recent agreements with other Japanese customers, these being: • A Letter of Intent with Tohoku Electric Co. Ltd. on 5 February 2001 for 0.4 million tonnes per annum (mtpa) of LNG, starting 2005; • A Key Terms Agreement with Shell Gas and Power on 15 May 2001 for the supply of up to 3.7 million tonnes of LNG over five years; • A Key Terms Agreement with Chubu Electric Power Company Inc. of Japan on 3 August 2001 for 0.6 mtpa of LNG, starting 2009; • A Sales and Purchase Agreement with Tokyo Gas Co. Ltd and Toho Gas Co. Ltd of Japan on 25 October 2001 for the purchase and supply of 1.37 mtpa of LNG starting in 2004, and • A Sales and Purchase Agreement with Osaka Gas Co. Ltd on 11 March 2002 for the supply of 1 mtpa of LNG, starting in 2004. Last year BHP Billiton announced approval for a fourth train expansion of the LNG facilities at the North West Shelf Project in Western Australia. 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) Pty Ltd (16.67 per cent); and Shell Development (Australia) Proprietary Limited (16.67 per cent). Further news and information can be found on our Internet site: www.bhpbilliton.com Australia United Kingdom/South Africa Dr. Robert Porter, Investor Relations Michael Campbell, Investor & Media Relations Tel: + 61 3 9609 3540 Mobile: +61 419 587 456 Tel: +27 11 376 3360 Mobile: +27 82 458 2587 email: Robert.Porter@bhpbilliton.com email: Michael.J.Campbell@bhpbilliton.com Mandy Frostick, Media Relations Ariane Gentil, Manager Communications Tel: +61 3 9609 4157 Mobile: +61 419 546 245 Tel: +44 20 7747 3977 Mobile: + 44 7881 518 715 email: Mandy.J.Frostick@bhpbilliton.com email: Ariane.Gentil@bhpbilliton.com United States Francis McAllister, Investor Relations Tel: +1 713 961 8625 Mobile: +1 713 480 3699 email: Francis.R.McAllister@bhpbilliton.com BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209 Registered in Australia Registered in England and Wales Registered Office: 600 Bourke Street Melbourne Victoria Registered Office: 1-3 Strand London WC2N 5HA United Kingdom 3000 Telephone +44 20 7747 3800 Facsimile +44 20 7747 3900 Telephone +61 3 9609 3333 Facsimile +61 3 9609 3015 The BHP Billiton Group is headquartered in Australia This information is provided by RNS The company news service from the London Stock Exchange
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