Delivery of Liquefied Natural Gas from Queensland Curtis LNG Project
OREANDA-NEWS. Tokyo Gas Co., Ltd. today received a shipment of liquefied natural gas (hereinafter "LNG") produced by the Queensland Curtis LNG project operated in Queensland, Australia by the BG Group plc (Chief Executive Officer: Helge Lund; hereinafter "BG") at the Tokyo Gas Sodegaura LNG Terminal in Sodegaura City, Chiba Prefecture. This is the first delivery to Japan of LNG derived from unconventional natural gas sources under a long-term supply contract.
The Queensland Curtis LNG project is a project to liquefy coal seam gas (hereinafter "CSG"), an unconventional natural gas found in coal seams centered on Queensland's Surat Basin, on Curtis Island and deliver it as LNG. Tokyo Gas concluded a LNG sale and purchase agreement and an agreement regarding participation with BG in March 2011. Today's delivery of approximately 70,000 tons of LNG is enough to meet the annual city gas consumption needs of some 220,000 average households.
This is the third delivery of LNG from projects in which Tokyo Gas has secured participation rights, following on the Darwin LNG project and the Pluto LNG project. With this delivery, Tokyo Gas now receives LNG from 11 projects in five countries. The procurement of natural gas from the Queensland Curtis project using unconventional natural gas enables Tokyo Gas to achieve its long-term goal of diversifying its natural gas procurement. While continuing to balance supply stability, price, and flexibility, Tokyo Gas will continue to work proactively for the further diversification and expansion of its procurement sources and overseas upstream projects spelled out in the company's "Challenge 2020 Vision."
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