Tuesday 5 April 2011

BG group does deal with Tokyo Gas

BG Group has signed a sales agreement with Tokyo Gas Co Ltd for the supply of 1.2 million tonnes of Liquefied Natural Gas per year for 20 years starting in 2015.

Under the agreement, Tokyo Gas will be supplied with LNG from the Queensland Curtis LNG facility on Curtis Island in Queensland, Australia which will be liquefying and exporting coal seam gas.

BG Group Chief Executive Frank Chapman said: "Tokyo Gas is now an important foundation customer for our ground-breaking Queensland Curtis LNG project. With these agreements we will bring a new source of natural gas to Japan - the largest LNG market - and advance the long and rewarding relationship between our companies".