Woodside signs LNG MoU in Japan
PERTH (miningweekly.com) – Oil and gas major Woodside on Tuesday announced that it had signed a memorandum of understanding (MoU) with the Japan Bank for International Cooperation (JBIC) regarding a stable supply of energy for Japan.
The non-binding MoU aims to promote cooperation in the liquefied natural gas (LNG) sector and the development of new energy products and lower-carbon services, assisting Japan in achieving its decarbonisation goals.
Under the terms of the MoU, the parties will identify potential projects which Woodside may be able to collaborate on with Japanese companies, in the areas of LNG supply, and new energy products and lower-carbon services. LNG supply projects could include Woodside’s Scarborough project and proposed Browse and Sunrise developments, while new energy products and lower-carbon services could include hydrogen, ammonia, carbon capture and storage and carbon capture, utilisation and storage.
Woodside CEO Meg O’Neill said Woodside’s relationships with the Japanese government, customers and business partners date back to the critical Japanese investment in the Woodside-operated North West Shelf project in the 1980s, which included JBIC (then Export-Import Bank of Japan) extending its first ever project financing.
“Japanese buyers underpinned the project by signing long-term gas supply agreements, which began with the first Australian LNG cargo arriving in Japan from the Karratha gas plant in 1989. Our relationships, which are built on trust and mutual respect, entered a new phase in 2008 when JBIC signed a loan agreement totalling up to $1-billion with Woodside as part of a co-financing arrangement for the Pluto LNG project.
“This collaboration with JBIC will enable us to continue working cooperatively with our friends in Japan on our shared goals of energy security, pursuing decarbonisation opportunities and sustained prosperity for the Asia Pacific region,” she said.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...
VISIT SHOWROOM
We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
