Press Release

Press Release

Basic Agreement Concluded regarding the LNG Purchase with the GDF Suez Group

November 06, 2014
Chubu Electric Power Co.,Inc.

On October 31, 2014, Chubu Electric Power concluded a basic agreement regarding the purchase of LNG together with the French energy utility GDF Suez Group.

Under this agreement, Chubu Electric Power will receive an LNG supply from the LNG supply sources held around the world by the GDF Suez Group, with the intent to purchase a total of 20 cargoes (approximately 1.2 million tons) over the period from January, 2015 to March, 2017. 

Chubu Electric Power believes that this LNG supply from a variety of GDF Suez Group's portfolio sources will contribute to the both the procurement of stable LNG supply and economic procurement reflecting the LGN market trends in Asia, with a portion of contract prices linked to the Asian spot market.

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


GDF Suez Group


Chubu Electric Power Co., Inc.


January, 2015 - March, 2017


20 cargoes total (approximately 1.2 million tons when using 60,000 ton vessels for a single cargo)


DES basis

2 Profile of GDF Suez Group

Full name

GDF Suez S.A.


Faubourg de l'Arche 1 place Samuel de Champlain
92400 Courbevoie, France  


Electric and gas utility based in France established by the merger of Gaz de France (GDF) and Suez Energy Resources in July, 2008

Description of business

Deployment of an integrated energy business, such as electricity, natural gas, and renewable energy, etc., centered in Europe

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