Petronas, Hokuriku Electric to renew term LNG supply deal
Petronas LNG has signed a head of agreement with Hokuriku Electric to negotiate the renewal of an LNG supply deal for up to 0.54 mtpa for a decade starting 2028. The HoA underscores Japan’s reliance on LNG for power generation.
Quake hits Japan
Jan 2 (LNGJ) - An earthquake with 7.6 magnitude hit Japan on January 1 in the Noto region of Ishikawa prefecture on Honshu island and killed at least 30 people in collapsed buildings. The Japan Meteorological Agency issued a tsunami warning for the Noto Peninsula and the advisory covered the coastline of the Sea of Japan, though was later withdrawn as the danger passed.
Japan’s Ministry of Economy, Trade and Industry (METI) then said in a statement that power generation had been affected in the region. “The earthquake closed two of Hokuriku Electric's coal-fired power plants, the No. 1 unit of 500 megawatts and the No. 2 unit of 700 MW at the Nanao-Ota thermal power plant. There was also reduced output at the 500 MW gas-fired Toyama-Shinko thermal power plant of 300 MW,” said the METI.
