Tokyo Gas Co. Inks Deal with North West Shelf LNG Consortium



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.
 


RELATED COMPANIES
Company: BHP Billiton more info
Operates 1 Offshore Rigs
 - Private Oil Made a Big Find in Mexico. Now State Oil Wants a Cut (Oct 04)
 - BHP Gearing Up to Start Drilling for Oil in Mexico's Deep Waters (Oct 02)
 - BHP To Quit US Shale Business As Annual Profit Surges (Aug 22)
Company: BP plc more info
Operates 33 Offshore Rigs
 - Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory (Jan 10)
 - Owners of Louisiana-Illinois Pipeline Eye Reversal Next Steps (Dec 21)
 - Canadian Offshore Oil Interest Grows As Pipeline Woes Sink Alberta Prices (Dec 20)
Company: Shell more info
Operates 30 Offshore Rigs
 - Shell Looks Beyond Road Fuels to Secure Future of Refining (Nov 06)
 - API Panel Member: Voluntary Methane Program Forthcoming (Oct 06)
 - Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
Company: Woodside more info
Operates 3 Offshore Rigs
 - Chevron Starts LNG Output at Australia's Wheatstone (Oct 09)
 - Global LNG: Faltering Supply Prompts Short-Covering Price Rally (Aug 11)
 - Woodside Sees Output Growing 15 Pct Over Next Three Years (May 23)
Company: Chevron Corporation more info
 - Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory (Jan 10)
 - Angola LNG Production Setback Prompts Tender Cancellation (Jan 08)
 - ExxonMobil Jumping in to Mexico Fuel Market With First US Cargo (Dec 06)
Company: Tokyo Gas more info
 - Tokyo Gas Gets Bangladesh LNG Terminal Feasibility Study Contract (Jul 27)
 - PetroVietnam Gas, Tokyo Gas May Establish LNG JV in Vietnam (Jul 11)
 - Tokyo Gas Buys Eagle Ford Shale Stake, Despite Loss from Prior US Purchase (Jun 21)
Company: Japan Australia more info
 - Australia's Browse FLNG JV Decides Not to Proceed with Development (Mar 23)
 - NWS JV to Develop $2B Greater Western Flank Phase 2 Project Off Australia (Dec 11)
 - NWS JV to Develop $1B Persephone Project Off Northwest Australia (Nov 27)