Tokyo Gas Signs HOA for LNG Canada Purchases
Posted on Oct 11, 2018 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Tokyo Gas Signs HOA for LNG Canada Purchases
Platts reports that Tokyo Gas Tuesday has signed a heads of agreement (HOA) with Diamond Gas International, the trading arm of Mitsubishi Corporation, to purchase LNG from the proposed LNG Canada project in British Columbia. According to the report, the HOA provides that Tokyo Gas will purchase up to 0.6 million metric tonnes/year from LNG Canada for a period of 13 years, from April 2026 to March 2039, delivered on an ex-ship basis with destination flexibility.