Tokyo Gas, Sumitomo Ink LNG Agreement

Tokyo Gas has signed a preliminary agreement with Sumitomo Joint Electric Power regarding supply of LNG, it said June 19.

Under the agreement, Tokyo Gas will supply approximately 170,000 metric tons/year of LNG to Sumitomo for a period of five years extending from fiscal 2021 to fiscal 2025. The agreement has ex-ship delivery condition.

“The two companies will build connections with the community and contribute to the development of the Shikoku area, through promoting the use of the environmentally friendly natural gas and the stable and efficient use of energy, by providing a stable supply of LNG under this agreement,” Tokyo Gas said.

Supplies will come from multiple LNG projects with which Tokyo Gas has entered into contracts, the company said.