Tokyo Gas snaps up LNG Canada volumes

Tokyo Gas snaps up LNG Canada volumes
Illustration purposes only (Image courtesy of Tokyo Gas)

Japan’s Tokyo Gas has signed a heads of agreement for the supply of liquefied natural gas from LNG Canada project with Diamond Gas International, a Mitsubishi Corporation unit.

The Shell-led LNG project in which Mitsubishi Corporation holds 15 percent interest, is expected to produce 14 million tons per annum (mtpa) of LNG by liquefying natural gas from reserves in Western Canada at an LNG liquefaction plant to be built in Kitimat.

Of all the volumes to be produced at the project, DGI will offtake 2.1 mtpa, and Tokyo Gas said it will purchase up to 0.6 mtpa of LNG on a delivered ex-ship basis.

The contract has a 13-year term and is set to start in April 2026, and last through to March 2039.

Tokyo Gas added the contract has no fixed destination clause allowing for delivery flexibility.

Share this article

Follow LNG World News

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >