LNG

Feb 10 (LNGJ) - Chubu Electric Power Co. of Japan said it signed a fully termed LNG sales and purchase agreement with the Singapore trading office of BP of the UK. The agreement is for Chubu to purchase LNG supplied from BP's global LNG portfolio. Chubu said it would buy around 8 million tonnes per annum for 16 years on a delivered basis, with BP suppling the shipping from its global fleet and beginning this year. "Chubu believes that this LNG supply from a variety of BP's portfolio sources will contribute to the procurement of stable and flexible LNG supply," a statement said.