Signs LNG Sales/Pur Agree
BHP Billiton Limited
25 October 2001
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.
Date: 25 October 2001
Number: 23/01
BHP BILLITON SIGNS LNG SALES AND PURCHASE AGREEMENTS
BHP Billiton, together with the other participants in the North West Shelf
Venture, today signed Sales and Purchase Agreements with Tokyo Gas Co. Ltd and
Toho Gas Co. Ltd of Japan for the purchase and supply of liquefied natural gas
(LNG) from the North West Shelf (NWS) in Western Australia.
The agreements were signed by the six NWS LNG Sellers and cover the supply of
1.37 million tonnes of LNG per annum (mtpa) for a long-term period starting in
2004.
Tokyo Gas and Toho Gas are existing long-term customers of NWS LNG and last
year signed Letters of Intent for the supply of 1 mtpa of LNG. The companies
have subsequently notified the Sellers of their requirements for a further
0.37 mtpa of LNG.
This is the first 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, which is currently under
construction at the Venture's gas processing facilities on the Burrup
Peninsula, Western Australia. First LNG from the fourth train is scheduled for
mid-2004.
The agreements with Tokyo Gas and Toho Gas follows recent agreements with
other Japanese customers, these being:
* a Letter of Intent with Osaka Gas on 16 January 2001 for the supply of 1
mtpa of LNG, starting 2004;
* a Letter of Intent with Tohoku Electric Co. Ltd. on 5 February 2001 for
0.4 mtpa of LNG, starting 2005;
* a Letter of Intent with Kyushu Electric Power Co. Inc. on 28 March 2001
for the supply of 0.5 million mtpa of LNG, starting April 2006;
* a Key Terms Agreement with Shell Gas and Power on 15 May for the supply
of up to 3.7 million tonnes of LNG over five years; and
* a Key Terms Agreement with Chubu Electric Power Company Inc. of Japan on
3 August 2001 for 0.6 mtpa of LNG, starting 2009.
In April this year BHP Billiton announced approval for a fourth train
expansion of the liquefied natural gas facilities at the North West Shelf
Project on the Burrup Peninsula 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
Dr. Robert Porter, Investor Relations Marc Gonsalves, Investor Relations &
Communications
Tel: + 61 3 9609 3540 Tel: +44 20 7747 3956
Mobile: +61 419 587 456 Mobile:+44 7768 264 950
email: Robert.Porter@bhpbilliton.com email: Marc.Gonsalves@bhpbilliton.com
Mandy Frostick, Media Relations Ariane Gentil, Manager Communications
Tel: +61 3 9609 4157 Tel: +44 20 7747 3977
Mobile: +61 419 546 245 Mobile: +44 7881 518 715
email: Mandy.J.Frostick@bhpbilliton.com email: Ariane.Gentil@bhpbilliton.com
South Africa United States
Michael Campbell, Investor & Media Francis McAllister, Investor
Relations Relations
Tel: +27 11 376 3360 Tel: +1 713 961 8625
Mobile: +27 82 458 2587 Mobile: +1 713 480 3699
email: Michael.J.Campbell@bhpbilliton.com email:
Francis.R.McAllister@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number
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