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    Tokyo Gas signs long-term LNG contract with new Sakhalin-2 operator

Summary

Japan's biggest city gas supplier Tokyo Gas Co Ltd has signed a long-term contract with a new Russian operator of Sakhalin-2 energy project to buy LNG.

by: Reuters

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Tokyo Gas signs long-term LNG contract with new Sakhalin-2 operator

TOKYO, (Reuters) - Japan's biggest city gas supplier Tokyo Gas Co Ltd has signed a long-term contract with a new Russian operator of Sakhalin-2 energy project to buy LNG, a spokesperson for the Japanese company said on August 30.

The main conditions such as volume remained the same as the previous contract, he told Reuters, without elaborating.

The move follows JERA, Japan's biggest power generator, which said last week that it had signed a deal with the new Sakhalin-2 operator to maintain long-term deliveries of LNG.

Russian President Vladimir Putin signed a decree in June taking charge of the project, creating a new legal entity to deal with for buyers and shareholders, which include Shell and Japanese trading houses Mitsui & Co and Mitsubishi Corp. (Reporting by Yuka Obayashi; Editing by Kim Coghill)