Toho Gas Enters Into Heads of Agreement with Mitsubishi Subsidiary for Cameron LNG Supplies
Posted on Apr 24, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Toho Gas Enters Into Heads of Agreement with Mitsubishi Subsidiary for Cameron LNG Supplies
Japanese gas company Toho Gas Co., Ltd. (Toho) has announced that it has entered into a Heads of Agreement with Diamond Gas International Pte. Ltd., a 100% subsidiary of Mitsubishi Corporation, for the purchase of LNG produced at the Cameron LNG project in Hackberry, La. Under the agreement, Toho will purchase approximately 200,000 tons of LNG/year for 20 years from the start of production, scheduled for 2018, at prices linked to the U.S. natural gas price. This is the second agreement Toho has entered into for the purchase of LNG from the Cameron LNG project, bringing the total amount of LNG purchased to 500,000 tons/ year for 20 years.