First LNG Cargo for China Loading at Australia's North West Shelf

Source: www.gulfoilandgas.com 5/17/2006, Location: Asia

The first liquefied natural gas (LNG) cargo to be delivered by Australia’s largest resources project to China is being loaded today near Karratha in Australia’s far north Pilbara region of Western Australia. The North West Shelf Venture vessel, Northwest Seaeagle, is scheduled to deliver the historic 125,000m3 cargo to China’s first LNG receival terminal at Guangdong in southern China in late May.

In October 2002, the North West Shelf Venture and Guangdong Dapeng LNG Company Ltd signed a sales and purchase agreement for the supply of more than 3.3 million tonnes of LNG a year for 25 years.

A new joint-venture, China LNG Joint Venture was later established within the overall North West Shelf Venture to accommodate Chinese National Offshore Oil Corporation Ltd (CNOOC). CNOOC holds a 25% share in the China LNG Joint Venture, with each of the existing NWS Venture participants owning 12.5%.CNOOC is entitled to gas and associated liquids equal to about 5.3% of North West Shelf Venture reserves and titles.


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Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


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