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  4. Tokyo Gas and Shell sign LNG purchase deal

Tokyo Gas and Shell sign LNG purchase deal

Published by
 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/

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Shell LNG news LNG export news LNG import news Japan LNG news

 

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