UPDATE: Tokyo Gas Signed Contract To Buy 1.2 Million Tons/Year Curtis LNG
07 Março 2011 - 2:36AM
Dow Jones News
Tokyo Gas Co. (9531.TO) said it signed a contract Monday with BG
Group (BG.LN) to buy 1.2 million metric tons a year of liquefied
natural gas for 20 years from 2015 from BG's Curtis LNG project in
Queensland, Australia.
Japan's largest gas utility by sales volume said it also signed
a contract to buy a 1.25% stake in a gas field and a 2.5% stake in
the No. 2 liquefaction train in the project from BG.
It is the first time a Japanese buyer has committed itself to
the long-term purchase of LNG produced from unconventional natural
gas such as coal seam gas or shale gas, a Tokyo Gas spokesman said.
The Curtis project is to use coal seam gas as feedstock.
The commitment will support the Curtis LNG project and diversify
Tokyo Gas's supply to include both rich and lean LNG, the spokesman
said.
Tokyo Gas and BG Group had signed a preliminary LNG agreement in
March of last year.
-By Mari Iwata, Dow Jones Newswires; 813-6269-2798;
mari.iwata@dowjones.com
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