Tokyo Gas signs long-term LNG contract with new Sakhalin-2 operator
TOKYO, (Reuters) - Japan's biggest city gas supplier Tokyo Gas Co Ltd has signed a long-term contract with a new Russian operator of Sakhalin-2 energy project to buy LNG, a spokesperson for the Japanese company said on August 30.
The main conditions such as volume remained the same as the previous contract, he told Reuters, without elaborating.
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The move follows JERA, Japan's biggest power generator, which said last week that it had signed a deal with the new Sakhalin-2 operator to maintain long-term deliveries of LNG.
Russian President Vladimir Putin signed a decree in June taking charge of the project, creating a new legal entity to deal with for buyers and shareholders, which include Shell and Japanese trading houses Mitsui & Co and Mitsubishi Corp. (Reporting by Yuka Obayashi; Editing by Kim Coghill)