logo
Share SHARE
FONT-SIZE Plus   Neg

Apache, Partners Sign Deal To Sell LNG From Wheatstone To Chubu Electric Power

Apache Corp. (APA) said an Apache Australian subsidiary and its partners have agreed to sell liquefied natural gas from the Chevron-operated Wheatstone Project in Western Australia to Chubu Electric Power Company Inc.

The Wheatstone partners and Chubu signed a heads of agreement to supply 1 million metric tons per annum, or MTpa, of LNG for up to 20 years. Through its 13-percent share in Wheatstone, Apache Julimar Pty Ltd, an Apache subsidiary, will supply 0.13 MTpa to Chubu, or approximately 19 million cubic feet of natural gas per day.

The foundation phase of the project will include two LNG trains with a combined capacity of 8.9 MTpa and a domestic gas plant.

Apache Julimar Pty Ltd and KUFPEC Australia (Julimar) Pty Ltd, a subsidiary of Kuwait Foreign Petroleum Co., will supply gas produced from the Julimar and Brunello fields, large gas accumulations discovered in 2007. Apache has a 65-percent interest in the upstream Julimar Development Project and is the operator.

The heads of agreement is subject to completion of a binding LNG sales agreement.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The holiday throng seeking to take a flight out to their preferred destinations at the at New York's Kennedy International Airport ahead of the Memorial Day holiday were in for a rude shock. Technology played a spoilsport, as a computer system broke down Sunday evening at a terminal, causing flight delays and cancellations that resulted in manual check-in process for thousands of holiday passeng The month of May saw the FDA greenlight 5 new drugs, including 1 new molecular entity, and surprisingly turn down 1 drug candidate, whose approval was considered a no-brainer by some experts. Lab equipment maker Thermo Fisher Scientific Inc. has agreed to acquire electron microscope maker FEI Co. for about $4.2 billion in cash, the two companies said Friday. Thermo Fisher noted that FEI's electron microscopy platform will complement its own mass spectrometry systems to accelerate advancements in structural biology.
comments powered by Disqus
Follow RTT