Nws State Agreement

The decline in NWS`s supply in 2020 has been known since 2014, when the Barnett government revised the agreement with the North West Shelf. Last week, Woodside rejected the VA`s gas supply by the North West Shelf project by two-thirds, and after 36 years as the state`s largest supplier, it is down to six, with less than 10% of the market. Please note that the link to this page has been updated to law_a546.html. Prior to the collapse in COVID-19 oil and gas prices earlier this year, Woodside planned to sanction the Scarborough to Pluto project this year and the Browse to North West Shelf project the following year. Understand legal developments, future trends and developments in the oil and gas market. Additional environmental issues are not anticipated to be associated with the long-term treatment of third-party gas and liquids and NWS Joint Venture`s field resources through the NWS project facilities. The good management strategy for the existing NWS project will form the basis for the ongoing management of the proposal. Woodside will continue to implement environmental initiatives and explore opportunities to reduce its environmental footprint. Woodside is confident that the continued implementation of its current multi-faceted management strategy will ensure the long-term operation of the facility (as outlined in this proposal) in a manner acceptable to the VA and the broader community. The North West Shelf (NWS) Project is the largest inland gas producer in WA and has been supplying VA pipeline gas for more than 30 years. If the Woodside projects do not continue, the gas in the Perth Basin is likely to fill the void.

The NWS was converted to a national gas bond equivalent to 15% of the LNG exported. This is the same policy that is applied very differently to all subsequent LNG projects in the VA. An increase in production from the Reindeer field, which supplies the Devil Creek national gas plant, has occupied most of the market generated by the North West Shelf. On Saturday, June 20, the gas market share of the AEMO WA Gas Bulletin Board was rounded to the following percentage: the Act amends the North West Gas Development Act (Woodside) Agreement 1979 (State Agreement) and ratifies the fifth endorsement between western Australian Prime Minister Mark McGowan and the Joint Venture Parties (North West Shelf Venture Venture). The main operational provisions of the Act came into force on March 25, 2020. The Environmental Assessment Document for the North West Shelf Environmental Assessment Project was prepared by Woodside Energy Ltd (Woodside) as an operator for and on behalf of the North West Shelf Joint Venture (NWSJV). Participants in NWSJV are BHP Billiton Petroleum (North West Shelf) Pty Ltd, BP Developments Australia Pty Ltd, Chevron Australia Pty Ltd, Japan Australia LNG (MIMI) Pty Ltd and Shell Australia Pty Ltd. NWS first delivered gas to WA in 1984, five years before sending LNG to Japan. All subsequent LNG projects have prioritized LNG. The extension of the NWS project allows the development of existing gas resources without the construction of new processing facilities, ensures ongoing social and employment investments in the region and supports the transition to a less carbon-intensive future.

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