Tokyo Gas Co., Ltd. President, Mitsunori Torihara and six sellers of the North West Shelf LNG singed a sale and purchase agreement today.
Tokyo gas and the six sellers have established a long-term relationship through LNG trade since 1989. Tokyo Gas and the six sellers have been discussing this sale and purchase agreement, based on the heads of agreement dated December 11, 2006, to succeed the current contract which will expire in March 2009, and reached the agreement today.
Tokyo Gas will purchase around 1.6 million tons of LNG per year from April 2009, including the LNG from North West Shelf expansion project from which Tokyo Gas has been importing LNG since fiscal year 2004.
This extension agreement with the North West Shelf LNG will contribute toward Tokyo Gas Co.'s stable procurement of LNG.
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