APLNG, Kansai Sign LNG Supply Deal

The Australia Pacific LNG joint venture has finalised a 20-year supply contract with a Japanese power company Kansai Electric Power Company. 

As per the agreement, Australia Pacific LNG (APLNG) will supply about one million tonnes of LNG per year to the Japanese utility. The supply is set to commence in 2016.

Kansai and APLNG signed a heads of agreement for supply of gas in November 2011.

The Australia Pacific LNG Project is a coal seam gas (CSG) to liquefied natural gas (LNG) project. First gas from the project is expected in 2015.

The project is owned by Origin, ConocoPhillips and China Petrochemical Corp (Sinopec).