Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 10 October 2017, 11:11 HKT/SGT
Share:
    

Source: Mitsubishi Corporation
LNG Production Gets Underway at Australia's Wheatstone LNG Project

TOKYO, Oct 10, 2017 - (JCN Newswire) - Western Australia's Wheatstone LNG Project commenced production of liquefied natural gas (LNG). The Project, in which PE Wheatstone Pty. Ltd. (PEW) participates, is located in the Ashburton North Strategic Industrial Area 12 kilometers west of Onslow in Western Australia. PEW is a subsidiary of Pan Pacific Energy K.K. (PE), which is jointly owned by four Japanese entities - Mitsubishi Corporation (MC), Nippon Yusen Kabushiki Kaisha (NYK Line), JERA Co., Inc. (JERA) and Japan Oil, Gas and Metals National Corporation (JOGMEC). The Project processes natural gas produced from the Wheatstone and Iago gas fields located in the offshore area of Western Australia's North West Shelf into LNG for export.

The production of the first batch of LNG marks the start-up of the Project, just over five years after PEW obtained interests comprising a 10% stake in gas fields and an 8% stake in LNG plant facilities in June 2012.

The Wheatstone LNG Project is led and operated by Chevron Australia, which is also undergoing construction work on a second liquefaction train. The Project will have a combined capacity to produce 8.9 million tonnes per annum (MTPA) of LNG. PEW's equity share of production, approximately 0.7 MTPA of LNG, will be supplied to JERA under a long-term Sale and Purchase Agreement (SPA).

The number of countries importing LNG has been increasing in light of increases in world energy consumption due to overall population growth. There is also a growing global trend towards a preference for clean energy sources such as natural gas and LNG in keeping with measures aimed at tackling climate change. Against this backdrop of growing global demand, it is critical that Japanese players secure stable sources for ensuring long-term sustainable natural gas supplies. The Project also carries profound significance in terms of securing energy resources through cooperation between public and private sectors.

The first cargo of LNG fro the Project will be shipped in the coming weeks.


About Mitsubishi Corporation

Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.

Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171 
Facsimile: +81 3 5252 7705


Oct 10, 2017 11:11 HKT/SGT
Source: Mitsubishi Corporation

Mitsubishi Corporation (TSE: 8058)

Topic: Press release summary
Sectors: Energy
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2017 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Mitsubishi Corporation
Dec 11, 2017 17:56 HKT/SGT
Mitsubishi Corporation Subsidiary Marunouchi Infrastructure Launches Japan's First Diversified Infrastructure Fund
Nov 20, 2017 11:04 HKT/SGT
Mitsubishi Corporation Awarded Contract to Supply Rolling Stock for Manila LRT Line-1 in the Philippines
Oct 23, 2017 11:26 HKT/SGT
Mitsubishi Corporation Announces New Joint Venture for Data Center Solutions
Oct 10, 2017 15:03 HKT/SGT
Gas4Sea Selected by Statoil for LNG Bunkering in Rotterdam
Sept 22, 2017 09:50 HKT/SGT
Mitsubishi Corporation Subsidiary (Hernic Ferrochrome Proprietary Limited) Commences Business Rescue Proceedings
Sept 15, 2017 11:25 HKT/SGT
Agricultural Cooperative ZEN-NOH and Mitsubishi Corporation to Establish Agrochemical Joint Venture
Sept 13, 2017 10:56 HKT/SGT
Mitsubishi Corporation Takes on Brand New Venture Renovating and Developing Large-Scale Industrial Facilities
Aug 7, 2017 11:13 HKT/SGT
Mitsubishi Corporation: Dhaka Mass Rapid Transit Company Ltd Orders for Supplying Rolling Stock and Maintenance Depot Equipment for the First MRT System in Bangladesh, Dhaka MRT Line-6
July 26, 2017 12:47 HKT/SGT
Mitsubishi Corporation Named Preferred Bidder for Offshore Transmission Asset in the UK
July 4, 2017 15:09 HKT/SGT
Realizing the Vision of "Next-Generation Suburban Town Planning" "DRESSER WISE Tama-Plaza" to be Completed in September 2018
More news >>
 News Alerts
Copyright © 2017 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: