OGJ Newsletter

01/15/2007
General Interest - Quick TakesTepco seeking more stable LNG sourcesTokyo Electric Power Co. (Tepco) will not renew long-term agreements to purchase LNG from projects in Alaska and Indonesia when they expire in 2009.Reports said Tepco is seeking to obtain stable long-term supplies while diversifying its geographical risk. In 2005, Tepco purchased 30% of Japan’s imports of LNG, with more than 6% of those supplies coming from Alaska and Indonesia.Under existing contracts Tepco receives 920,000 tonnes of Alaska LNG from Phillips Alaska Natural Gas and Marathon Oil, along with an additional 130,000 tonnes of LNG from the Arun facility of Indonesia’s state-run PT Pertamina.Indonesia...
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