Shizuoka Gas Company signed a Memorandum of Agreement (MOA) with Malaysia LNG Sdn. Bhd. to purchase 330,000 tonnes of LNG annually for 10 years from April 2016.
Shizuoka Gas has purchased LNG from Malaysia LNG since 1996. In the meantime, as the existing LNG sale and purchase agreement is set to expire on March 2016, Shizuoka Gas and Malaysia LNG entered into discussions on a new contract starting from April 2016 and have reached this MOA.
In accordance with this MOA, Shizuoka Gas and Malaysia LNG will move forward with discussions to conclude a new LNG sale and purchase agreement, the company said in a statement.
Shizuoka Gas and Malaysia LNG have built a strong relationship from the very early stage of Shizuoka Gas’s introduction of LNG to today. Having agreed this MOA, Shizuoka Gas will continue to procure stable LNG supply from Malaysia LNG, the company added.
[mappress] LNG World News Staff, September 10, 2012; Image: Shizuoka Gas