Press Release

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


BP Singapore Pte. Limited


Chubu Electric Power Co., Inc.


16 years commencing FY 2012


Total quantity of LNG to be delivered is approximately 8,000,000 tonnes


DES basis

Profile of BP

Full name

BP Singapore Pte. Limited


1 HarbourFront  Avenue, #02-01 Keppel Bay Tower, Singapore 098632


Pek Hak Bin, Country President




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