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, headquartered in Tokyo, is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. Mitsubishi Corporation'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. For more information on Mitsubishi Corporation, please visit the company's website at https://www.mitsubishicorp.com/jp/en/.

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 © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Mitsubishi Corporation Links

http://www.mitsubishicorp.com

https://ph.linkedin.com/company/mitsubishi-corporation

Mitsubishi Corporation
Sept 14, 2018 16:03 HKT/SGT
Mitsubishi Corporation to Establish Joint Venture for Urban Development Projects in Asia
Sept 10, 2018 11:08 HKT/SGT
Mitsubishi Corporation to Invest in Distributed Power Supply Project in Off-Grid Areas in Africa
Aug 31, 2018 09:03 HKT/SGT
Hitachi and Mitsubishi Corporation Sign a Memorandum of Understanding with Metro de Panama, S.A. to Provide a Monorail System
Aug 31, 2018 08:46 HKT/SGT
Mitsubishi Corporation Announces Partnership with Fast Retailing to Develop UNIQLO Retail Business in Vietnam
Aug 24, 2018 10:47 HKT/SGT
Mitsubishi Corporation Subsidiary Indiana Packers Corporation to Acquire Specialty Foods Group
Aug 7, 2018 14:47 HKT/SGT
Mitsubishi Corporation to Acquire Major Share of Food Manufacturer Gourmet Delica
Aug 1, 2018 15:45 HKT/SGT
Fukuoka International Airport Co. Signs Project Agreement for the Operation of Fukuoka Airport
July 27, 2018 10:50 HKT/SGT
Mitsubishi Corporation Reaches Final Investment Decision on Quellaveco Copper Mine Project
June 29, 2018 10:43 HKT/SGT
Mitsubishi Corporation Commences Construction and Partially Transfers Shares In Dutch Offshore Wind Farm Project
June 26, 2018 14:30 HKT/SGT
Fukuoka Airport Holdings-led Consortium to Enter into a Basic Agreement for the Operation of Fukuoka Airport
More news >>
 News Alerts
Copyright © 2018 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: