Tokyo Gas to stock up on low spot LNG prices

Tokyo Gas to stock up on low spot LNG prices
Illustration purposes only (Image courtesy of Tokyo Gas)

Japanese utility, Tokyo Gas could stock up its LNG supplies to take advantage of low spot LNG prices later in the peak winter season. 

Speaking during an earnings conference, Tokyo Gas manager of financial management department, Hirofumi Sato said the company is considering various ways to take advantage of lower spot LNG prices, Reuters reports.

He added that the company could also look to renegotiate price terms in its contracts, however, it is only possible if the company accepts higher prices should the spot LNG value should rise.

Tokyo Gas is focusing on securing flexible long-term deals that don’t have destination restrictions and volume restrictions.

Earlier this year, Tokyo Gas negotiated a deal with Shell coming up with a pricing formula that is based on coal indexation.

 

LNG World News Staff

Share this article

Follow LNG World News

Posted on July 29, 2019 with tags .

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 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

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 >