FRANCE’S GDF Suez will deliver 270,000 tonnes of liquefied natural gas per year to Japan’s Tohoku Electric Power for a 20 year period from 2018 under a new sale and purchase deal.
Gas volumes for the long term contract will come from the US which will be liquefied in the Cameron LNG plant.
In an announcement, GDF SUEZ said it would be one of the first companies to supply Asia with American LNG, thanks to its LNG carrier’s fleet and a diversified LNG portfolio.
The Cameron LNG export project, in which GDF SUEZ, Sempra, Mitsubishi and Mitsui are partners, has received conditional approvals from the US Department of Energy (DOE) and partial agreement from the Federal Energy Regulatory Commission (FERC) and is likely to be finally sanctioned within the course of this year.
GDF Suez’s executive vice president in charge of the global gas and LNG business line, Jean-Marie Dauger, said the contract put GDF Suez right at the heart of solving global energy challenges.
“This sales agreement seals our first long term LNG sale with a Japanese partner, as well as the emergence of US LNG contributing to Japan energy supply, thanks to the benefit of the shale gas revolution in America,” he said.