Hess Corporation’s Australian subsidiary, Hess Exploration Australia Pty Ltd, has signed a non-binding Letter of Intent (LOI) with the North West Shelf (NWS).

Hess intends to develop its natural gas discoveries in its deepwater permits offshore northwestern Australia and, subject to execution of binding agreements, toll the production through existing NWS processing and liquefaction facilities in Karratha, Australia. Hess would then market liquefied natural gas (LNG) to customers in Asia Pacific.

'This arrangement would bring together Hess' strong deepwater drilling and development capabilities with NWS's proven track record in natural gas processing and liquefaction'

Tags: Hess Corporation