Tokyo Gas, Hokkaido Gas sign LNG supply deal

Eric Watkins
OGJ Oil Diplomacy Editor

LOS ANGELES, Dec. 30 -- Tokyo Gas Co. signed a heads of agreement for the sale and supply of LNG to Hokkaido Gas Co.

Under the agreement, Tokyo Gas will supply Hokkaido Gas with LNG for 11 years starting in fiscal year 2012. The LNG supplies will come from LNG projects with contracts with Tokyo Gas.

The gas will be delivered to Hokkaido Gas’ Ishikari LNG terminal, now under construction in Ishikari Bay New Port. Completion is set for yearend 2012.

In March, Tokyo Gas signed two agreements for the purchase of LNG, one with BG Group PLC’s Queensland Curtis LNG Project in Australia and the other with Energy World Corp.’s Sengkang Project in Indonesia (OGJ Online, Apr. 6, 2010).

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