Tokyo Gas and Shell sign LNG purchase deal
Published by Will Owen,
Editor
LNG Industry,
Reuters is reporting that Tokyo Gas and Royal Dutch Shell have signed a Heads of Agreement (HoA) for a purchase of LNG.
The agreement is for a quantity of 500 000 tpy of LNG and is based partly on a coal-linked pricing formula.
A spokesman from Tokyo Gas reported, “as far as Tokyo Gas and Shell know, this is the first time a pricing formula linked with a coal index has been used with LNG contracts.”
Under the HoA, Tokyo Gas will purchase LNG from Shell’s global portfolio for a period of 10 years from April 2020.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05042019/tokyo-gas-and-shell-sign-lng-purchase-deal/
You might also like
PNG LNG project finance facility repaid in full
Santos has announced that the PNG LNG joint venture has accelerated the final repayment under the PNG LNG project finance facility, bringing the facility to a close.