BHP Billiton Signs Heads of Agreement With Chugoku Electric

BHP Billiton, together with the other participants in the North West Shelf Venture, has signed an unconditional and binding heads of agreement with Chugoku Electric Power Co., Inc. for the long-term supply of liquefied natural gas (LNG).

The 12-year agreement, commencing in April 2009, is for the supply of between 1.2 and 1.4 million tonnes of LNG or about 22 LNG cargoes a year to Chugoku Electric on an ex-ship basis.

BHP Billiton’s Group President Energy, Mr Philip Aiken, said Chugoku Electric was the first of the North West Shelf Venture’s original customers to renew its long-term LNG supply requirements with the project.

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