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MarketWatch: Sakhalin Energy signs LNG supply deal with Hiroshima Gas

MarketWatch: Sakhalin Energy signs LNG supply deal with Hiroshima Gas

6:20 AM ET Apr 20, 2006

 

 

MOSCOW (MarketWatch) — Sakhalin Energy, the Royal Dutch Shell PLC-led (RDSB.LN) consortium developing the Sakhalin-2 project off the coast of Russia's Far East, said Thursday it has signed a deal to sell 210,000 metric tons of liquefied natural gas a year to Hiroshima Gas Co. (9535.TO).

 

The deal is to run for 20 years.

 

The company said the deal is the first to involve a use of a small LNG carrier. Hiroshima Gas is planning to use a newly built ice-class LNG vessel with a capacity of some 20,000 cubic meters to transport the LNG to its own regassification facilities at Hatsukaichi.

 

Web site: http://www.sakhalinenergy.com

 

-Contact: 201-938-5400 

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