Strandline, Woodside ink LNG pact
Australian minerals company Strandline Resources has signed a 10-year LNG supply agreement with a joint venture comprising Woodside and EDL LNG Fuel to Power (WEJV), it said on April 27.
Under the WEJV contract, LNG will be supplied via road from Woodside’s Pluto LNG truck loading facility near Karratha in Western Australia to Coburn’s power generation facilities.
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Strandline said Coburn’s mine site power infrastructure is based on a low-cost, low-emission solution integrating LNG-fuelled generation with solar and battery storage technology. The LNG supply contract is based on a 10-year term and means the overall cost of power at Coburn will be lower than forecast in June 2020, it added.
Strandline managing director Luke Graham said the signing of another long-term operation contract with two industry leaders in the energy sector, in Woodside and EDL, provides cost reductions and delivery certainty for the Coburn project.
“With key development approvals in place, 95% production pre-sold to highly reputable global customers via long term offtake contracts, major contractors appointed and development funding secured, Strandline is well on track to become Australia’s next world-scale mineral sands producer,” he said.
The WEJV contract is subject to conditions precedent regarding the development of the project, the company said.