Tokyo Electric power latest to sign for PNG gas  

Posted by Big Gav in , , , , ,

Gas deals in Australia and PNG seem to be the hot topic of the week - the latest one is Wheatstone customer TEP signing up another supplier in Papua New Guinea. The SMH reports - Tokyo latest to sign for PNG gas.

THE $US15 billion ($A16.2 billion) Papua New Guinea liquefied natural gas project has signed another off-take agreement, this time with Japan, as the joint-venture partners prepare to give the development the go-ahead today.

Joint-venture partners ExxonMobil (which owns 41.5 per cent), Oil Search (34 per cent) and Santos (17.7 per cent) told the market late yesterday that Tokyo Electric Power Company had signed on to receive 1.8 million tonnes of LNG annually over 20 years.

This was two days after TEPCO signed Australia's largest trade deal to receive 4.1 million tonnes of LNG from Chevron's Wheatstone project in Western Australia in an agreement worth a reported $90 billion.

The TEPCO/ExxonMobil deal provided further evidence that the PNG project would get the green light today and came after China's Sinopec said last week it would take 2 million tonnes a year from the 6.3 million tonnes-a-year project, which would deliver first gas by late 2013 or early 2014.

0 comments

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (614) global warming (415) solar power (388) peak oil (349) renewable energy (282) electric vehicles (238) wind power (190) ocean energy (164) csp (158) geothermal energy (144) solar thermal power (144) smart grids (140) tidal power (137) oil (136) solar pv (132) coal seam gas (131) energy storage (131) nuclear power (127) lng (116) china (115) iraq (113) geothermal power (112) green buildings (110) natural gas (110) agriculture (90) oil price (80) biofuel (78) smart meters (72) wave power (72) uk (68) electricity grid (67) coal (66) energy efficiency (64) google (58) bicycle (51) internet (51) shale gas (49) surveillance (49) big brother (48) food prices (48) thin film solar (42) tesla (41) biomimicry (40) canada (40) scotland (38) ocean power (37) politics (37) shale oil (37) new zealand (35) air transport (34) algae (34) water (34) concentrating solar power (33) arctic ice (32) queensland (32) saudi arabia (32) california (31) credit crunch (31) bioplastic (30) offshore wind power (30) population (30) cogeneration (28) geoengineering (28) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) carbon tax (22) economics (22) exxon (22) limits to growth (22) buckminster fuller (21) distributed manufacturing (21) iraq oil law (21) coal to liquids (20) indonesia (20) lithium (20) origin energy (20) brightsource (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) electric bikes (17) michael klare (17) atlantis (16) cellulosic ethanol (16) collapse (16) iceland (16) mapping (16) ucg (16) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) lithium ion batteries (15) psychology (15) al gore (14) brazil (14) bucky fuller (14) fertiliser (14) ambient energy (13) biodiesel (13) carbon emissions (13) cities (13) investment (13) kenya (13) matthew simmons (13) public transport (13) biochar (12) chile (12) desertec (12) internet of things (12) otec (12) texas (12) victoria (12) big oil (11) cradle to cradle (11) energy policy (11) hybrid car (11) terra preta (11) tinfoil (11) toyota (11) amory lovins (10) antarctica (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) volt (10) afghanistan (9) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) pge (9) sweden (9) arrow energy (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) methane hydrates (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) bolivia (7) chp (7) climategate (7) copenhagen (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) scenario planning (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)