Chubu Electric signs a 16 year LNG sales and purchase agreement with BP

abarrelfullabarrelfull wrote on 10 Feb 2012 12:15
Tags: bp chubu japan lng

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Chubu Electric Power Co., Inc. ("Chubu Electric") announced that it had today executed a fully termed LNG sales and purchase agreement with BP Singapore Pte. Limited.
This agreement is for Chubu Electric to purchase LNG supplied from BP's global LNG portfolio by BP Singapore Pte. Limited.

Chubu Electric is to purchase approx. 8 million tonnes over 16 years commencing FY 2012, on a DES basis.

Chubu Electric believes that this LNG supply from a variety of BP's portfolio sources will contribute to the procurement of stable and flexible LNG supply.

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