Regional LNG: JX Nippon signs SPA with Malaysia LNG

By Romel S. Gurky

JX Nippon Oil & Energy Corporation (NOE) announced Thursday the conclusion of an LNG Sale and Purchase Agreement (SPA) with Malaysia LNG Sdn. Bhd. for LNG supply from Malaysia LNG Dua Plant.

NOE will receive 380,000 tons per annum of LNG for 10 years starting in 2015, the Japanese firm said in a statement.

LNG will be delivered to "Hachinohe LNG Terminal" which is currently under construction in Hachinohe City, Aomori, Japan (scheduled to start up its operation in April 2015), and "Mizushima LNG Terminal" (owned by Mizushima LNG Company Limited) which is currently under operation in Mizushima City, Okayama, Japan.

From the Hachinohe LNG Terminal, natural gas and LNG will be supplied to the northern part of Tohoku region, and also to the eastern part of Hokkaido through Kushiro LNG Satellite Terminal (scheduled to start up its operation in April 2015).

JX Nippon Oil & Energy Corporation will continue to contribute to the promotion of further utilization of environmentally-friendly natural gas and also undertake regional development initiatives.

Editing by Reiner Simanjuntak