Japan signs first CBM-based LNG import deal

摘要

Tokyo Gas has signed a 20-year sales and purchase agreement with BG Group to import 1.2mn t/y of LNG from the Queensland Curtis LNG project near Gladstone in eastern Australia from 2015. It is reportedly the first coal bed methane (CBM) based LNG import deal by any Japanese company. Under the agreement, Tokyo Gas has also acquired a 1.25% stake in some of BG's assets in the Surat basin in Queensland. It is also to take a 2.5% interest in the second of QCLNG's two liquefaction trains that, between them, will produce 8.5mn t/y of LNG. The project is scheduled to load its first LNG shipment in 2014.