Shell to Supply Chubu Electric With LNG
Shell will begin supplying liquefied natural gas (LNG) to Japan’s third largest electric company from October 2014, in a deal that reinforces Shell’s position as a key LNG supplier in the country.
Shell Eastern Trading, a Singapore-based subsidiary of Royal Dutch Shell, signed a sales and purchase agreement today with Chubu Electric Power to supply up to 12 cargoes of LNG a year for the next 20 years. Chubu Electric supplies power to central Japan’s Chubu region, a major manufacturing hub.
This agreement is the first long-term LNG deal directly between Shell and Chubu Electric Power.
Press Release, May 29, 2014; Image: Shell