Shizuoka Gas signs SPA with Shell

Shizuoka Gas Co. Ltd has released a statement claiming that it has entered into an LNG sale and purchase agreement (SPA) with Shell Eastern Trading (Pte.) Ltd for LNG reloaded at the Shimizu LNG terminal. This is the company’s first binding contract to supply LNG through its terminal.

In order to reduce the cost of LNG in the newly deregulated gas market, the Shizuoka Gas has sought to further utilise the Shimizu LNG terminal. The company added that the terminal has been converted into a bi-directional terminal through the addition of reloading facilities in April 2016.

Edited from press release by David Rowlands

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/10062016/shizuoka-gas-signs-spa-with-shell-2584/