According to Reuters, Tokyo Gas has announced it will not be increasing the quantities of LNG it imports from the US, instead preferring to seek a more diversified procurement portfolio.
Earlier this year the company began receiving long term imports of LNG from Dominion Energy’s Cove Point export facility in Maryland, and it also holds supply agreements with the Cameron LNG project located in Louisiana.
Taking its first steps towards diversification, Tokyo Gas recently signed contracts with Mozambique and Canada. The company is now seeking deals with additional non-US exporters to continue to diversify its LNG sources for the 2020s.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/11102018/tokyo-gas-caps-us-lng-purchases/