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TEPCO is participating in a gas field development and gas production project centering on the Bayu-Undan Gas Field (located 250 kilometers off the southern coast of Timor-Leste and 500 kilometers offshore from Darwin in Australia), and a pipeline transport and liquefaction project using this gas.
The production and sales of gas-condensate and LPG started in 2004, and the production and sales of LNG began in 2006.
In conjunction with the LNG shipping project that started in 2003, this is the first time for a Japanese power company to be involved in the entire LNG value chain, from the development of natural gas, to liquefaction, transport, regasification, consumption and sales. |
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- Darwin LNG contracted volume
TEPCO 2 million tons/year,
Tokyo Gas 1 million tons/year
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- Contract term
17 years from 2006 |
- Contract format
FOB
Bayu-Undan is a gas-condensate field that contains estimated recoverable hydrocarbons of 400 million barrels of
condensate and liquefied petroleum gas and 3.4 trillion cubic feet of natural gas. |
- Project partners
ConocoPhillips
Eni
Santos
INPEX
TEPCO
Tokyo Gas |
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| [as of March 31, 2006] |
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