Japanese Trio Ink LNG Transportation Pact

Hiroshima Gas, Tokyo Gas, and Tokyo LNG Tanker Co. have signed an LNG transportation agreement, Tokyo Gas said February 13 in a statement.

Under the agreement, some of the LNG procured by Hiroshima Gas and Tokyo Gas from Sakhalin, Russia will be transported at the same time on LNG carriers owned and managed by Tokyo LNG Tanker for a period of eight years from 2020 to 2027.

“This agreement enables Hiroshima Gas to enhance its efficiency of LNG transportation and reduce its transporting costs,” Tokyo Gas said.

Tokyo LNG Tanker transports LNG other than that of the Tokyo Gas by using an LNG fleet that it owns and manages. “This agreement is the third such case, but is the first initiative to carry LNG of multiple owners at once, and enables further utilization of the LNG carriers that Tokyo LNG Tanker owns and manages,” Tokyo Gas said.