LNG

Oct 10 (LNGJ) - Buyers in Japan are seeking LNG Canada volumes. Japanese utility Toho Gas Co. has signed a preliminary sales agreement with a subsidiary of Mitsubishi Corp. for 300,000 tonnes per annum of LNG shipments for 15 years from fiscal 2024 from the Royal Dutch Shell-led LNG Canada project in British Columbia. The proposed sale of the LNG Canada volumes is on an ex-ship (DES) basis whereby Mitsubishi arranges LNG shipping to the Toyo import terminal in Japan. A second utility, Tokyo Gas, has signed a similar preliminary deal with Mitsubishi for LNG Canada volumes amounting to 600,000 tonnes per annum. Toho Gas is the third-largest city gas provider in Japan after Tokyo Gas and Osaka Gas.