JAPAN BUYS LNG CANADA
PLATTS - Japanese utility Tokyo Gas Tuesday said it has signed a heads of agreement with Diamond Gas International, the trading arm of Mitsubishi Corporation, to purchase 0.6 million mt/year of LNG from the Shell-operated LNG Canada project.
LNG Canada, which reached a final investment decision to proceed last week, will have an initial capacity of 14 million mt/year. Shell has a 40% stake in LNG Canada through it local affiliate, Petronas has a 25% interest, PetroChina has 15%, Mitsubishi has 15% and…
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