Brunei LNG Renews Deal With Japanese Utilities

Brunai LNG has renewed a deal with Tepco, Osaka Gas and Tokyo Gas for supply of 3.4 million metric tonnes of liquefied natural gas (LNG) per year, for the next 10 years beginning April 2013.

As per the new deal, Tepco will get 2.03 million mt, 1 million mt for Tokyo Gas and 370,000 mt for Osaka Gas. The current contracts call for Tepco to receive 4.03 million mt per year, Tokyo Gas 1.24 million mt per year and Osaka Gas 740,000 mt per year for a total of 6.01 million mt per year. Thus, the total amount of LNG to be purchased by the three companies under the extended contracts declines by 2.61 million mt per year.

Brunei LNG is owned 50% by the Brunei government, and 25% each by Royal Dutch Shell and Mitsubishi Corp.