Tokyo Electric Power (TEPCO) of Japan is in advanced negotiations to buy liquefied natural gas (LNG) from North America, Reuters reported, citing Toshiaki Koizumi, the general manager of TEPCO’s fuel department.
“We have been in negotiations with several projects,” he said.
“We want to procure LNG from the United States and Canada where prices are linked to Henry Hub. The talks have made progress, but I cannot say when they will be finalized,” he added.
Japan’s imports of LNG surged in the aftermath of the March 11 earthquake. Power companies account for two-thirds of total Japanese LNG imports.
LNG World News Staff, September 18, 2012; Image: TEPCO