Japan's Tokyo Gas said on Friday it has signed a deal with Royal Dutch Shel...
TOKYO/SINGAPORE - Japan’s Tokyo Gas said on Friday it has signed a deal with Royal Dutch Shell for the long-term supply of liquefied natural gas , partly using a coal-linked pricing formula in an unusual move for an Asian LNG buyer.
The companies signed a heads of agreement for Tokyo Gas to buy 500,000 tonnes a year of LNG for 10 years from April 2020. A pricing formula based on coal indexation will be used for part of the supply, the spokesman said, while the rest will be priced off conventional gas- and oil-linked indexes. Tokyo Gas did not give the volumes to be done under each pricing method.
Earlier this week, however, two U.S.-based firms announced alternative pricing options for contracts being signed for their new projects, ahead of an expected flood of supplies hitting global markets this year. As a gas and electricity provider trying to build its share in a competitive and liberalized power market, Tokyo Gas needs to compete with cheaper baseload coal-fired power, he said.
Shell will be supplying LNG to Tokyo Gas from its global LNG portfolio, rather than from specific LNG projects.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Shell to quit U.S. refining lobby over climate disagreementRoyal Dutch Shell on Tuesday became the first major oil and gas company to annou...
और पढो »
Citing climate differences, Shell walks away from U.S. refining lobbyRoyal Dutch Shell Plc on Tuesday became the first major oil and gas company to a...
और पढो »
Tokyo prosecutors reportedly arrested former Nissan chief Ghosn for fourth timeJapanese prosecutors arrested ousted Nissan Motor boss Carlos Ghosn for a fourth time on Thursday, broadcaster NHK said, after reports authorities were building a new case against him over payments made to a dealer in Oman.
और पढो »
Tokyo court approves Ghosn's detention until April 14; lawyer to appealA Tokyo court approved on Friday a request by prosecutors to detain ousted Nissa...
और पढो »
Tokyo court approves 10-day detention of Ghosn, rejects appealA Tokyo court approved on Friday a request by prosecutors to detain Carlos Ghosn...
और पढो »
Seals, sugar beets, Mott the Hoople’s return: News from around our 50 statesStudents aim to restore poet’s legacy in Massachusetts, Benjamin Franklin’s church needs TLC in Pennsylvania, and more B9336077745Z.1
और पढो »
Colorado Moves to Regulate Drilling After Years of ConflictIn energy-rich Colorado, a conflict between those who believe drilling has crept too close to backyards and schools and risks marring the environment and those who tout its economic benefits for rural areas is once again flaring.
और पढो »
Russia's Inter RAO says seeks gas turbines deal with GE by OctoberThe chief executive of Russia's Inter RAO said on Saturday the energy holdi...
और पढो »
Exclusive: Exxon weighs sale of Nigerian oil and gas fields for up to $3 billionExxon Mobil recently held talks on the sale of a suite of oil and gas fields in ...
और पढो »