Japan's Hiroshima Gas has signed a sale and purchase agreement with Osaka Gas to buy 50,000-130,000 mt/year of LNG for 15 years starting in 2016, the two utilities said Wednesday.
LNG will be delivered ex-ship, and Hiroshima Gas will receive partially loaded cargoes at the Yokkaichi LNG terminal, a spokeswoman for Hiroshima Gas said.
Hiroshima Gas bought 365,000 mt of LNG for the fiscal year ended March 31, up 5.2% year on year.
"We believe the expansion of procurement sources would lead to stable LNG supply and would help us cope with future growth in demand," Hiroshima Gas said in a statement.
Osaka Gas bought 7.75 million mt of LNG in fiscal year 2013-14, down 2% from 7.9 million mt in fiscal year 2012-13.
