Qatargas Operating Company Ltd (Qatargas) has announced that it has reached an agreement with JERA Co. Inc. on the first spot LNG cargo purchase under the newly executed Master Sales and Purchase agreement between the two companies.
The spot cargo was delivered onboard the Q-Flex LNG carrier, Al Ruwais, to the Futtsu LNG terminal in Tokyo Bay, Japan, on 13 May 2016.
JERA is a recently formed joint venture between Chubu Electric Power Co. Inc. and TEPCO Fuel & Power Inc, both of who are Qatargas foundation buyers. With JERA’s inception, Qatargas will deliver a total of nearly 7 million tpy of LNG under a long-term supply contract to this new entity.
Last year, Qatargas delivered a total of 14.6 million t of LNG to Japan.
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/19052016/qatargas-and-jera-agree-first-spot-lng-cargo-deal-2472/