NATURAL GAS (CANNING BASIN JOINT VENTURE) AGREEMENT (TERMINATION) BILL 2017Natural Gas (Canning Basin Joint Venture) Agreement • December 4th, 2017
Contract Type FiledDecember 4th, 2017The purpose of the Natural Gas (Canning Basin Joint Venture) Agreement (Termination) Bill 2017 is to ratify an agreement made on 27 November 2017 between Buru Energy Ltd, Diamond Resources (Fitzroy) Pty Ltd and Diamond Resources (Canning) Pty Ltd, as the joint venturers, and Mitsubishi Corporation, as the guarantor, and the state of Western Australia, which I will refer to as the termination agreement. The bill is necessary in order to amend the Natural Gas (Canning Basin Joint Venture) Agreement Act 2013 to provide for the ratification of the termination agreement, which will terminate the Natural Gas (Canning Basin Joint Venture) Agreement 2012, which I will refer to as the state agreement.