ELS advises Tokyo Gas and Kansai Electric on Burrup Hub LNG Lifting Agreement with Woodside
23 November 2021
Equity Lifting Solutions (ELS) has advised Tokyo Gas Australia and Kansai Electric Power Holdings Australia on the allocation and offtake of LNG processed through the Burrup Hub complex (Pluto LNG) in Western Australia. Both parties are non-operating joint venture parties and each hold 5% interest in the project.
The allocation and offtake agreement (Lifting Agreement) was a critical agreement supporting Woodside’s FID of the Scarborough project which was announced today.
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 upstream JVs and the project's Lifting Coordinator.
‘ELS is proud to have supported our long-standing customers Tokyo Gas and Kansai Electric to negotiate the Burrup Hub LNG allocation and offtake arrangements over the last two years. The Burrup Hub project is a significant development that will positively impact our economy for many years. We are pleased to have played a small part in enabling this significant Australian energy project to reach FID.’ said Managing Director Ken Chan.
‘The project exemplifies ELS’s ability to provide commercial and negotiation support to multi-national participants on 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 firstname.lastname@example.org