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FINANCIAL NEWS
Qatargas signs agreements with Japan’s Chubu, Shizuoka
08 Dec 2011
(MENAFN) Qatargas’ CEO, Khalid Bin Khalifa Al-Thani, said that the company inked a sales and purchase agreement (SPA) with Japan’s Chubu Electric Power Company and Shizuoka Gas Company, reported Arab News.
Al-Thani added that under the agreement, the Qatari firm would supply liquefied natural gas (LNG) to the two companies, through transporting and delivering at least 0.2 million tons per annum (MTA) of LNG to a group of LNG receiving terminals located in Japan.
He also said that the deal boosts long lasting relationship between Qatargas and Chubu Electric Power Company; whereas Shizuoka Gas Company would be the first long-term Japanese buyer of LNG, .
It is worth noting that the amount would be supplied to Chubu Electric Power Company and Shizuoka Gas Company from the Qatargas 1 joint venture starting from 2016.
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