• 4 minute Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 8 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 15 minutes Oil and Trade War
  • 2 hours Could oil demand collapse rapidly? Yup, sure could.
  • 13 hours Are EVs Safer Than Combustion Engine Vehicles?
  • 9 hours What If Canada Had Wind and Not Oilsands?
  • 4 hours U.S. Withdraws From U.N. Human Rights Council
  • 1 hour Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 3 hours Gazprom Exports to EU Hit Record
  • 2 hours EVs Could Help Coal Demand
  • 15 hours Sell out now or hold on?
  • 16 hours Nopec Sherman act legislation
  • 11 hours WE Solutions plans to print cars
  • 15 hours Migrants: Italy Wants EU Border Agency In Africa, Not At Sea
  • 10 hours Oil and Trade War
  • 4 hours Lloyd's of London excludes coal
  • 11 hours Australia mulls LNG import
  • 11 hours Russia, Saudi Push For Big Hike In Oil Output Despite Iran Opposition
  • 11 hours Oil prices going down
The Fourth Industrial Revolution Is On The Horizon

The Fourth Industrial Revolution Is On The Horizon

The Fourth Industrial Revolution is…

5 Companies To Watch As Tech Takes Aim At The Finance Industry

5 Companies To Watch As Tech Takes Aim At The Finance Industry

The fintech revolution has accelerated…

Japan Sign Long-Term LNG Supply Contract with Qatar

Japan has been one of the largest importers of LNG for quite some time, and has had a good relationship with Qatari natural gas producers for over 40 years.

Since shutting down its nuclear energy sector, following the Fukushima disaster, Japan has had to rely more heavily on imported fossil fuels. So it is of little surprise to learn that a new long term contract has been signed that will guarantee Japan with a steady supply of LNG from Qatar.

The Tokyo Electric Power Company (TEPCO), the largest Japanese buyer of LNG, has signed the agreement that will see Qatargas Operating Company supply one million tonnes of LNG per year on a long-term basis.

The contract was signed by Dr Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry and chairman of Qatargas, and Takao Arai, managing director of TEPCO.

Dr Al-Sada stated that, “as the largest LNG-producing company in the world, Qatargas is committed to providing reliable energy supplies to all four corners of the world. Today's agreement reinforces our strong relationship with one of Qatargas' foundation customers and demonstrates our continued long-term commitment to supply LNG to Japan. We are doing all we can to support Japan's continuous requirement for stable energy supplies.”

By. Charles Kennedy of Oilprice.com


x

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News