North West Shelf project
Integrated oil and LNG business North West Shelf project
Australia's largest integrated energy project
Since 1985, Mitsubishi Corporation has been involved in the North West Shelf project via Japan Australia LNG (MIMI), a joint venture between Mitsubishi Corporation and Mitsui & Co., as a co-investor together with five international oil & gas exploration and production companies (Woodside Energy, Shell, bp, Chevron, BHP Billiton), with upstream investments and developing and producing LNG, condensate, oil, and LPG.
In the North West Shelf project, feed gas is sent from the gas production facilities off the northwestern coast of Western Australia, to the liquefaction plant in Karratha. The project produces around 17 million tons per annum of LNG, of which approximately 8 million tons is supplied to customers in Japan. Stable operation has been maintained since the first shipment made to Japan in 1989. In 2018 the project has marked the 5,000th cargo shipment, underlining the significant contribution to stable energy supplies into the Asia-Pacific region, primarily to Japan.
Integrated oil and LNG business
|Shareholder composition||Shell, bp, BHP Billiton, Chevron, Woodside Energy and MIMI [Mitsubishi Corporation/Mitsui & Co. 50:50] each hold 1/6th of the total|
|Equity share of production capacity||1,400,000 tons/year|