Press Release
Chubu Electric signs a 16 year LNG sales and purchase agreement with BP
February 10, 2012
Chubu Electric Power Co.,Inc.
Chubu Electric Power Co., Inc. ("Chubu Electric") announced that it had today executed a fully termed LNG sales and purchase agreement with BP Singapore Pte. Limited.
This agreement is for Chubu Electric to purchase LNG supplied from BP's global LNG portfolio by BP Singapore Pte. Limited.
Chubu Electric is to purchase approx. 8 million tonnes over 16 years commencing FY 2012, on a DES basis.
Chubu Electric believes that this LNG supply from a variety of BP's portfolio sources will contribute to the procurement of stable and flexible LNG supply.
Outline of the agreement
|
Seller |
BP Singapore Pte. Limited |
|---|---|
|
Buyer |
Chubu Electric Power Co., Inc. |
|
Term |
16 years commencing FY 2012 |
|
Quantity |
Total quantity of LNG to be delivered is approximately 8,000,000 tonnes |
|
Delivery |
DES basis |
Profile of BP
|
Full name |
BP Singapore Pte. Limited |
|---|---|
|
Address |
1 HarbourFront Avenue, #02-01 Keppel Bay Tower, Singapore 098632 |
|
Representative |
Pek Hak Bin, Country President |
|
Establishment |
1964 |
|
Business |
Oil and Gas Integrated Supply and Trading, Gas, Shipping, Consumer Lubricants, Industrial Lubricants, Marine Fuel and Lubricants, and Aviation Fuel and Lubricants |