Japan’s Hokkaido Gas finalizes 10-year LNG deal with Mitsui

Japan’s Hokkaido Gas has finalized a deal signed in September last year to purchase liquefied natural gas (LNG) from trading house Mitsui & Co.

Under the deal signed on Wednesday, Hokkaido Gas will buy three LNG cargoes per year with a capacity of about 200,000 tonnes for a period of 10 years starting from 2019.

The city gas supplier will receive the chilled fuel on an ex-ship basis at its Ishikari LNG import terminal on Hokkaido, Japan’s second-largest island.

Hokkaido Gas did not specify any particular project from which the fuel would be supplied.

According to a Hokkaido Gas statement, the contracted LNG supplies would come from various projects Mitsui is involved in.

LNG World News taff