Press Release

Press Release

Chubu Electric signs LNG sales and purchase agreement with Shell Eastern Trading

May 29, 2014
Chubu Electric Power Co.,Inc.

Chubu Electric Power Co., Inc. ("Chubu Electric") announced that it had 29th May 2014 executed a fully termed LNG sales and purchase agreement with Shell Eastern Trading (Pte) Ltd.

This agreement is for Chubu Electric to purchase LNG to be supplied by Shell Eastern Trading (Pte) Ltd from Shell's global LNG portfolio.

Chubu Electric is to purchase up to 12 cargoes per year (i.e. 0.72 million ton per year if a 60,000MT capacity vessel is used) over 20 years commencing FY 2014, on a DES basis.

Chubu Electric believes that this LNG supply from a variety of Shell's portfolio sources will contribute to the procurement of stable LNG supply and allow Chubu Electric the flexibility to meet the change in Chubu Electric's LNG demand.

Outline of the agreement

Seller

Shell Eastern Trading (Pte) Ltd

Buyer

Chubu Electric Power Co., Inc.

Term

20 years commencing October 2014

Quantity

up to 12 cargoes per year

Delivery

DES basis

Profile of Shell Eastern Trading Pte. Limited

Full name

Shell Eastern Trading (Pte) Ltd

Address

The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore 138588

Year of Establishment

1989

Description of business

Shell Eastern Trading (Pte) Ltd is a wholly-owned subsidiary of Royal Dutch Shell plc. incorporated in Singapore. It is a vital component of Shell's Global Trading network whose business includes the marketing and sale of LNG from Shell's global LNG portfolio.

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