Chubu Electric Power Signs New Long-Term LNG Sales and Purchase Agreement with Qatar

Chubu Electric Power (Head office: 1 Higashi-Shincho, Higashi-ku, Nagoya, Aichi, Japan; President & Director: Akihisa Mizuno) would like to announce the conclusion yesterday (same day local time) of a sales and purchase agreement with Qatar Liquefied Gas Company Limited (3) (hereafter "Qatargas 3").

Under the agreement, Chubu Electric Power will purchase from Qatargas 3 approximately 700,000 to 1,000,000 tons of LNG per annum for a period of 15 years from 2013. Chubu Electric Power considers that this new long-term agreement with Qatar, the world's largest LNG supplier, to acquire LNG from the country's on-stream projects will help to secure a stable and economical LNG supply for our Company.

By purchasing LNG from new projects under development in Australia, North America and elsewhere, Chubu Electric Power seeks to decentralize and diversify its suppliers. Through an appropriate combination of LNG purchases from these new projects and from current on-stream projects (beginning with Qatar), our Company hopes to enhance the stability of its supply.

To ensure the future stability of electric power provision, Chubu Electric Power will continue its endeavors to obtain stable and economical fuel supplies.

1. Outline of the Agreement

2.    Qatargas 3 in brief