Japan's Jera to sell LNG to Shizuoka Gas

Shizuoka Gas

25/12/2015 06:17

TOKYO, Dec 25 (Reuters) - Japan's Jera Co, set to become the 
world's biggest buyer of liquefied natural gas next year, said 
on Friday it had signed a basic agreement to sell about 70,000 
tonnes of LNG per year to Shizuoka Gas  9543.T  for five years 
starting in April 2022. 
    The deal marks the first LNG contract for Jera, a joint     
venture set up by Tokyo Electric Power  9501.T  and Chubu 
Electric Power  9502.T , the company said. Jera can sell to 
Shizuoka Gas from its own portfolio contracts on a delivered 
ex-shop basis, and the prices will be linked to U.S. natural gas 
prices, it added. 
    Jera will surpass Korea Gas Corp  036460.KS  as the world's 
single biggest buyer of LNG with annual purchases of around 40 
million tonnes in July after Jera's parent firms this week 
agreed to fully integrate their existing contracts to Jera. 
 
 (Reporting by Osamu Tsukimori; Editing by Nick Macfie) 
 ((osamu.tsukimori@thomsonreuters.com, +813 6441 1857, Reuters 
Messaging: osamu.tsukimori.thomsonreuters.com@reuters.net;)) 
 
Keywords: LNG JERA/SHIZUOKA GAS