March 18, 2018
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Tokyo Gas extends LNG purchase agreement with Petronas by 13 years

TOKYO (March 14): Tokyo Gas agreed today to purchase LNG from Malaysia LNG, a subsidiary of Petronas, for up to another 13 years from April.

* Tokyo Gas to purchase up to ~500,000 tons/year for the first 6 years and ~up to 900,000 tons/year in the following 7 years
* Delivery terms: Delivered ex-ship and free on board
* Malaysia LNG is 90%-owned by Petronas, 5% each by Mitsubishi Corp and Sarawak Government, Malaysia


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