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HE Dr Mohamed bin Saleh al-Sada with Yuji Kakimi, Seigo Iwasaki and Sheikh Khalid bin Khalifa al-Thani during the tripartite sales and purchase agreement |
Under the binding terms of the tripartite SPA, Qatargas will transport and deliver (ex-ship) LNG to a cluster of LNG receiving terminals located in Japan including Chita, Kawagoe, Yokkaichi, Joetsu and Sodeshi, all in Japan.
Qatargas will supply the agreed volumes to Chubu Electric Power Company and Shizuoka Gas Company from the Qatargas 1 joint venture.
The agreement was signed by HE the Minister of Energy & Industry, Dr Mohamed bin Saleh al-Sada, Managing Executive Officer and General Manager (Fuels Department) Chubu Electric Power Company, Yuji Kakimi and, Chairman and Chief Executive Officer of Shizuoka Gas Company, Seigo Iwasaki.
Qatargas Chief Executive Officer Sheikh Khalid bin Khalifa al-Thani said: “This agreement is remarkable in many aspects. It further strengthens our long lasting relationship with Chubu Electric Power Company while it welcomes Shizuoka Gas Company as the first new long-term Japanese buyer of LNG. This is in addition to the eight buyers, which formed the currently existing consortium purchasing LNG from Qatargas 1 joint venture for contracts signed in 1992 and 1994. It is also an example of how Qatargas can grow its share of the Japanese gas market in partnership with Chubu Electric Power Company.
“Under the guidance of HE al-Sada, Qatar has again demonstrated its continuous support to Japan as a nation and one of the world’s most important economies. This agreement is further testimony of our long-term reliable commitment to Japan and the innovative ways in which Qatargas is able to support new customers. Whether for a very large sale of LNG or for a smaller volume like under this tripartite SPA, Qatargas values all of its customers and seeks to assist them all in their aspirations to grow in the future.”
