Japan's Kansai signs contract to buy LNG from Mitsui

April 1, 2014

Japan's second-biggest utility, Kansai Electric Power Co, said it had signed a 20-year contract to buy 400,000 tonnes per year of U.S. Cameron liquefied natural gas (LNG) from trader Mitsui & Co at U.S. Henry Hub-linked prices, Reuters reported on April 1.

The Osaka-based firm said it would buy for 20 years from the project's planned launch, scheduled for late 2017. The deal marks Kansai's second purchase of U.S. shale gas. It has agreed to buy 800,000 tonnes per year from the U.S. Cove Point export plant in Maryland.

Copyright: Reuters, 2014