GDF SUEZ has signed a Heads of Agreement providing for the sale of LNG to Chubu Electric of Japan.
Under the terms of the agreement, GDF SUEZ will deliver 20 cargoes (approximately 1.2 million tpa) of LNG to Chubu for a 27-month period starting in Q1 2015. LNG will be sourced from GDF SUEZ’s global supply portfolio.
Jean-Marie Dauger, Executive Vice-President of GDF SUEZ, in charge of the Global Gas and LNG business line, said: "This sales agreement shows once again [the company’s] commitment to develop[ing] its sales in Asia, a region with growing LNG needs. LNG is playing a critical role in Japan's energy mix. As a safe and reliable supplier, we are happy to reach such agreement with Chubu Electric, a significant and experienced player in the field of LNG in Japan".
Since January 2012, the GDF SUEZ Group has delivered more than 6.6 million t of LNG to Asian countries with respect to its medium and long-term agreements.
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquefaction/07112014/gdf-suez-signs-lng-agreement-with-chubu-electric-1752/