GDF Suez has signed a deal with Japanese utility Tohoku Electric Power to deliver 270,000mtpy of LNG over a 20-year period starting in 2018 from the planned Cameron LNG plant in the US, the French company said yesterday (Monday 19th May).
This marks GDF Suez’s first long-term LNG sales agreement with a Japanese firm.
The deal shows the “emergence of US LNG contributing to Japan’s energy supply, thanks to the benefit of the shale gas revolution in America,” the company said.
Sempra Energy holds a majority 50.2% stake in the proposed Cameron LNG project, which is to be completed by 2017. GDF Suez has a 16.6% equity stake in the liquefaction project, providing it with an export capacity of 4 million mtpy.
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