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Tokyo Gas signs LNG HOA with Sumitomo Joint Electric Power

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LNG Industry,

Tokyo Gas, Co. Ltd has announced that it has signed a heads of agreement (HOA) with Sumitomo Joint Electric Power Co., Ltd regarding the sale and purchase of LNG.

Under the terms of the agreement, Tokyo Gas claims that it will supply approximately 170 000 tpy of LNG to Sumitomo Joint Electric Power for a five-year period, lasting from FY2021 to FY2025.

According to the statement, both parties will build connections with the community and contribute to the development of the Shikoku area, through promoting the use of natural gas and the stable and efficient use of energy, by providing a stable supply of LNG under this agreement.

Tokyo Gas claims that the two companies will continue to hold discussions aimed at the signing of a final sales and purchase contract based on this HOA.

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LNG import news Japan LNG news