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BHP Billiton Plc
News Release
29 May 2002
BHP BILLITON SIGNS LNG SALES AND PURCHASE AGREEMENT WITH SHELL
BHP Billiton, together with the other participants in the North West Shelf
Venture, today signed Sales and Purchase Agreements with Shell Eastern LNG
(Shell) for the sale of liquefied natural gas (LNG) from the North West
Shelf Venture in Western Australia (NWS).
The agreement covers the supply of up to 3.7 million tonnes of LNG between
2004 and 2009 from the NWS LNG expansion project. The actual volume will be
dependent on the volume of LNG that the North West Shelf LNG Sellers commit
to long-term customers in the core markets of Japan, Korea, China and
Taiwan.
Shell will use the LNG to develop market opportunities outside of the core
markets of the NWS LNG Sellers.
The agreement with Shell follows the Key Terms Agreement signed in May 2001,
and is the fourth in a series of Sales and Purchase Agreements to be signed
for supply of LNG from the North West Shelf Venture`s LNG expansion project.
The project includes a fourth LNG processing train at the Venture`s gas
processing facilities on the Burrup Peninsula, Western Australia, and a
second trunkline from the North Rankin A Platform to shore. First LNG from
the fourth train is scheduled for mid-2004.
BHP Billiton`s equity in the North West Shelf Project is 16.67 per cent. The
other participants are Woodside Energy Ltd (operator - 16.67 per cent); BP
Developments Australia Pty Ltd (16.67 per cent); Chevron Australia Pty Ltd
(16.67 per cent); Japan Australia LNG (MIMI) Pty Ltd (16.67 per cent); and
Shell Development (Australia) Proprietary Limited (16.67 per cent).
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Further information can be found on our Internet site:
http://www.bhpbilliton.com
Australia United Kingdom
Andrew Nairn, Investor Relations Mark Lidiard, Investor & Media
Tel: + 61 3 9609 3952 Relations
Mobile: +61 408 313 259 Tel: +44 20 7747 3956
email: email: Mark.Lidiard@bhpbilliton.com
Andrew.W.Nairn@bhpbilliton.com
Mandy Frostick, Media Relations
Tel: +61 3 9609 4157
Mobile: +61 419 546 245
email:
Mandy.J.Frostick@bhpbilliton.com
United States South Africa
Francis McAllister, Investor Michael Campbell, Investor & Media
Relations Relations
Tel: +1 713 961 8625 Tel: +27 11 376 3360
Mobile: +1 713 480 3699 Mobile: +27 82 458 2587
email: email:
Francis.R.McAllister@bhpbilliton. Michael.J.Campbell@bhpbilliton.com
com
Date: 29/05/2002 11:09:45 AM Produced by the SENS Department
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