Tokyo Gas to Buy LNG from US Cameron Project

Japanese provider of natural gas Tokyo Gas has signed a heads of agreement with Diamond Gas International, Mitsubishi Corporation’s subsidiary, for sale and purchase of liquefied natural gas (LNG) from the Cameron LNG project in the United States.

Namely, as a new natural gas liquefaction plant will be built in the Cameron LNG Terminal in Louisiana to refine and liquefy shale gas and other US-produced natural gas, around 12 million tons of natural gas per year will be available for export.

Under the agreement, Diamond Gas International will handle around 4 million tons of this export capacity on a yearly basis, of which approximately 200,000 tons, equivalent to three cargoes per year, will be purchased by Tokyo Gas from DGI at a price linked to the US natural gas market.

The parties shook hands on ex-ship delivery, meaning that the cargo will be delivered to the buyer at a previously agreed port of arrival.

Tokyo Gas said that, from 2020 onwards, it will purchase around 2.12 million tons of LNG per year to achieve further diversification of LNG sources, price indices and destinations.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Eastern Mediterranean Offshore Conference and Exhibition (EMC) 2020

EMC 2020 conference will arm delegates with technical and commercial knowledge to capitalise…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >