Tohoku to Buy U.S. LNG from Mitsubishi

Japan’s Tohoku Electric said it has signed a basic agreement to purchase 300,000 tonnes per annum of LNG for 16 years starting in 2022 from Diamond Gas, a unit of Mitsubishi Corporation.

The LNG will be sourced from Sempra’s Cameron liquefaction project in the United States. This will be Tohoku’s first purchase of LNG at U.S. Henry Hub natural gas-linked prices, the company said in a statement.

Cameron LNG has obtained approval from the U.S. DOE to export up to 12 Mtpa of LNG to all current and future free trade agreement countries, and on February 11 received conditional authorization from the DOE to export LNG to non-Free Trade Agreement countries, including those in Europe and Asia.

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LNG World News Staff, April 24, 2014; Image: Cameron LNG