Tohoku Electric Power Buys Tangguh LNG

abarrelfullabarrelfull wrote on 05 Jul 2012 08:25

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December 1, 2006

Japan”s Tohoku Electric Power signed a sales and purchase agreement for liquefied natural gas (LNG) with Pertamina. The LNG will be supplied from Tangguh project in Papua, Tohoku said in a statement.

The contract signing was conducted in Tokyo on Tuesday (11/28). Tohoku Electric Power Co. will buy 120,000 metric tons of LNG per annum for 15 years, starting 2010.

Tangguh LNG plant has an annual capacity of 7.6 million tons. The facility is operated by BP Indonesia, which has 37.16% share in the project. Currently Tangguh has commitments to supply South Korea, China, and the U.S..

BP”s partners in the project are CNOOC Ltd. (16.96%), MI Berau B.V. (16.30%), and Nippon Oil Exploration (Berau) Ltd. (12.23%).***

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