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Japan's JERA to buy up to 1.2 mln T/year of LNG from LNG Canada project

Published 2019-04-09, 02:24 a/m
© Reuters.  Japan's JERA to buy up to 1.2 mln T/year of LNG from LNG Canada project

TOKYO, April 9 (Reuters) - Japan's JERA, the world's biggest buyer of liquefied natural gas (LNG), said on Tuesday it has agreed with Diamond Gas International, a unit of Mitsubishi Corp 8058.T , to buy up to 1.2 million tonnes per annum of LNG from the LNG Canada project.

The deal is for about 15 years from the business year starting from April 2024, JERA, a joint venture between Tokyo Electric Power 9501.T and Chubu Electric Power 9502.T , said in a statement.

The C$40 billion ($30 billion) LNG Canada project led by Royal Dutch Shell RDSa.L was given the go-ahead by the Anglo-Dutch giant and its partners in October, making it the fuel's first major new project to win approval in recent years. IDnL8N1Y436B

($1 = 1.3313 Canadian dollars)

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