APLNG Ships First LNG Cargo to Kansai Electric

Source Press Release
Company ConocoPhillipsKansai Electric Power CoOrigin Energy LimitedSinopec 
Tags Oil & Gas Trading, LNG & Gas Storage/Processing
Date June 30, 2016

Australia Pacific LNG has confirmed its first LNG shipment to The Kansai Electric Power Company (Kansai Electric) departed Curtis Island yesterday, bound for Japan.

The LNG FUKUROKUJU, which was recently built to fulfil Kansai Electric’s contract with Australia Pacific LNG, departed Curtis Island at 3pm on 29 June 2016.

Under the Sales and Purchase Agreement (SPA), which was signed in 2012, Kansai Electric will receive approximately 1 million tonnes of LNG each year for 20 years. Australia Pacific LNG CEO, Page Maxson, said: "The departure of Kansai Electric’s first cargo under the SPA represents another significant milestone in Australia Pacific LNG’s history and highlights the strong partnership between our two companies. It also demonstrates the important role our business plays in delivering a cleaner form of energy to the global market.""

This shipment to Kansai Electric marks the 27th shipment by Australia Pacific LNG since exports began. We have been pleased with our operations from Train 1 and we expect to deliver the first cargo from Train 2 by the end of CY2016," Mr Maxson said.

Australia Pacific LNG was formed in October 2008 and is a joint venture between Origin (37.5%), ConocoPhillips (37.5%) and  Sinopec (25%). Australia Pacific LNG is the largest producer of natural gas in eastern Australia.

Source: EvaluateEnergy® ©2020 EvaluateEnergy Ltd