Japanese Firms Sign Deals to Buy from LNG Canada

Wednesday, October 10, 2018

Two Japanese companies have signed agreements to buy liquefied natural gas (LNG) cargoes from the LNG Canada project, Reuters reported.

Toho Gas Co signed a basic agreement with a wholly-owned subsidiary of Mitsubishi Corp to buy up to four cargoes or about 0.3 million tonnes per annum (mtpa) of LNG from the project over 15 years starting 2024/25.

Tokyo Gas Co signed a heads of agreement with a wholly-owned subsidiary of Mitsubishi Corp to buy up to eight cargoes or about 0.6 million mtpa of LNG from the project over 13 years starting April 2026.

Both firms will buy on ex-ship basis with destination flexibility.

The mega $31 billion LNG project on Canada's west coast received the green light last week from project leader Royal Dutch Shell, Mitsubishi and other partners.

Categories: Tankers Energy Gas Ports LNG

Related Stories

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

MDL Secures Cable Laying Job in Asia Pacific

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Floating Offshore Wind Test Center Planned for Japan

Norwegian Oil Investment Will Peak in '25

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

CNOOC Finds Oil and Gas in South China Sea

Santos and QatarEnergy Agree Mid-Term LNG Supply

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

Current News

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com