Ichthys LNG signs supply agreements with 5 Japanese buyers

Inpex Corp. and Total have signed a sales and purchase agreement (SPA) with a consortium of five Japanese utility companies to supply them with 4 million tpa of LNG from the Ichthys LNG project.

Of the total volume of 8.4 million tpa of LNG from the Ichthys Project to be sold, approximately 70% of the Ichthys LNG is to be delivered to Japan.

Under the SPA, Ichthys LNG Pty Ltd will sell LNG for 15 years commencing in 2017 from the Ichthys Project to:

• Tokyo Electric Power Company, Inc . -   1.05 million tpa
• Tokyo Gas Co.,Ltd. -   1.05 million tpa
• The Kansai Electric Power Co., Inc. -   0.80 million tpa
• Osaka Gas Co.,Ltd. -   0.80 million tpa
• Kyushu Electric Power Company Inc. -   0.30 million tpa

Ichthys LNG already has LNG sales agreements in place with Chubu Electric Power Company, Toho Gas Co., Ltd. and CPC Corporation, Taiwan.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/06122011/ichthys_lng_signs_supply_agreements_with_5_japanese_buyers/