Apache Julimar and its partners have executed a long-term sales and purchase agreement with Kyushu Electric Power Company to supply liquefied natural gas (LNG) from the Wheatstone Project in Western Australia.
Under the contract, the Chevron-operated Wheatstone will supply 700,000t of LNG per year for up to 20 years.
Apache Julimar holds a 13% interest in the project and will supply 100,000t of natural gas per year from the Julimar and Brunello fields in offshore licence WA-356-P.
The LNG sales agreements are subject to a positive final investment decision from the Wheatstone partners.
The front-end engineering and design for the project’s first phase is expected to be completed by the end of this year.
Apache Julimar holds a 65% interest in the Julimar-Brunello blocks and the WA-356-P partners’ share of the LNG facility.
Apache’s expected net share of LNG sales to Kyushu Electric is equivalent to approximately 13 million cubic feet of natural gas per day.