The Tokyo Electric Power Company, Incorporated, ("TEPCO") has today concluded 
the Liquefied Natural Gas Sale and Purchase Agreement ("SPA") with six Sellers 
of the North West Shelf LNG project based on the Heads of Agreement ("HOA") 
signed on December 2006. From April 2009 to March 2017 (8 years) , TEPCO will 
purchase approximately 0.30 million tons per year.

The new SPA is a renewal contract for the existing 20-year (from August 1989 
to March 2009) SPA with six Sellers of the North West Shelf LNG project. After 
concluding the HOA , TEPCO and Sellers discussed and finally reached agreement.

Outline of the Liquefied Natural Gas Sale and Purchase Agreement:
1. Sellers: BHP Billiton Petroleum (North West Shelf) Pty. Ltd.
            BP Developments Australia Pty. Ltd.
            Chevron Australia Pty. Ltd.
            Japan Australia LNG (MIMI) Pty. Ltd.
            Shell Development (Australia) Pty. Ltd.
            Woodside Energy Ltd.
2. Buyer: TEPCO
3. Contract Period: April 2009 - March 2017 (8 years)
4. Contract Volume: approximately 0.3 million tons / year
5. Delivery: Ex-ship (Sellers arrange LNG ships and transport LNG to the Buyer's 
             receiving terminals) 


Appendix: Location of Karratha (LNG production, shipping terminal)(PDF 84.0KB)