ELS advises Mitsui on Waitsia-NWS LNG allocation and lifting arrangements
Equity Lifting Solutions (ELS) has advised Mitsui Exploration and Production Australia on the allocation and offtake of LNG produced from the North West Shelf Project, from Waitsia Stage-2.
Mitsui is a 50% joint venture partner (with Beach Energy) on the Waitsia Project, which will produce natural gas from Dongara for delivery to the Karratha Gas Plant via the Dampier Bunbury Natural Gas Pipeline.
The agreements that govern LNG allocation and offtake are critical to participants in equity lifting LNG projects. The negotiated lifting arrangements provide the basis for harmonious relationships between the upstream JVs and the North West Shelf Lifting Coordinator.
‘FID of Waitsia Stage-2 is history-making as North West Shelf’s first third-party gas processing customer and expands Mitsui’s gas project operatorship in Western Australia. ELS is proud to have supported Mitsui during negotiations of LNG allocation and offtake arrangements with Beach Energy and the North West Shelf.’ said Managing Director Ken Chan.
‘The project exemplifies ELS’s ability to provide commercial and negotiation support to multi-national participants on one of Australia’s largest energy projects '
ELS Team: Commercial & Negotiations – Ken Chan (Managing Director), Greg Woodward (GM, Commercial)
For more information, please contact:
Managing Director Ph: +61 405 990999 email@example.com