Royal Dutch Shell Plc  .com Rotating Header Image

Royal Dutch Shell Plc .com: Japan Chubu Elec to buy LNG from Shell’s Sakhalin 2

FROM REUTERS

TOKYO, July 12 (Reuters) – Chubu Electric Power Co. has agreed to buy liquefied natural gas (LNG) from the Royal Dutch Shell-led Sakhalin 2 project in Russia’s far east, an industry source said on Wednesday.

Chubu Electric, Japan’s third-largest utility, said it would hold a briefing on its LNG purchase at 2 p.m. local time (0500 GMT).

Chubu Electric had long been in talks with those running the giant Sakhalin-2 project, which is 55 percent-owned by operator Royal Dutch Shell (RDSa.L: Quote, Profile, Research), and a purchase agreement had been widely expected.

Japan’s Mitsui & Co. holds 25 percent of the project, and Mitsubishi Corp. has 20 percent.

The 9.6 million-tonne-per-year project is expected to start shipping LNG in the summer of 2008, and about 76 percent of the output has already been committed to customers in Japan, South Korea and the United States.

© Reuters 2006. All Rights Reserved.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.