SYDNEY, March 23 (UPI) -- Japan's Kansai Electric Power Co. Inc. has agreed to buy as much as $14.4 billion of liquid natural gas from Australia.
Woodside Energy Ltd. will sell KEP as much as 2 million metric tons per year of LNG for 15 years. The fuel is to come from Woodside's Pluto field, which lies off Australia's west coast, the Sydney Morning Herald reported Thursday.
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The deal, which calls for deliveries to begin in 2010, also lets KEP buy as much as a 5-percent equity stake in Pluto.