PE Wheatstone Pty. Ltd
Mitsubishi Corporation (“MC”) today announced its participation in the Wheatstone LNG project (“the Project”), together with Nippon Yusen Kabushiki Kaisha (“NYK Line”) and The Tokyo Electric Power Company, Incorporated (“TEPCO”), which is being promoted by U.S. company Chevron Corporation and other companies in Australia.
The consortium has obtained equity interests in the Project (gas fields: 10%, LNG plant: 8%) through a newly established special-purpose company called PE Wheatstone Pty. Ltd. (“PEW”), which is headquartered in Perth, Western Australia. PEW will lift a certain volume of LNG in the Project in proportion to its equity interest. The Project has been approved by Japan Oil, Gas and Metals National Corporation (“JOGMEC”) as an eligible project for providing equity financing* and a loan guarantee* in order to secure stable energy resources for Japan.
10/30/2017 - Chevron's Wheatstone... (subscriber access)