Regional LNG: Total to supply LNG to Japan?s Chugoku Electric
Friday, July 22 2016 - 04:21 PM WIB
French firm Total S.A has signed a binding Heads of Agreement with Chugoku Electric for the direct supply of liquefied natural gas (LNG) for a period of 17 years starting from 2019.
Total announced in a press release on Friday that under the agreement, Total will supply Chugoku Electric with up to 0.4 million tons of LNG per year (Mt/y) sourced from the company?s global portfolio. ?This supply agreement with one of Japan?s major regional electric utilities is an important milestone for Total in the country where the Group has been a reliable partner in supplying LNG for almost 40 years,? said Laurent Vivier, President Gas at Total.
?Strengthening our presence in Japan, the world?s largest LNG importer, through long-term cooperation with leading LNG buyers such as Chugoku Electric is a key component of Total?s strategy. This is already the third long-term contract signed by Total this year, following agreements with Pertamina and ENN.?
Editing by Benget Besalicto ST