Shell signs 800,000 tonne/year LNG contract with Osaka Gas

SINGAPORE (ICIS news)--Shell Eastern Trading has agreed to supply 800,000 tonnes/year of liquefied natural gas (LNG) to Japan's Osaka Gas Co for a period of 25 years, the company said in a statement on Wednesday.

The supply would be sourced from Shell’s global LNG portfolio, according to the statement.

“This signing represents another milestone in our growth of LNG supplies into Japan,” said David Wells, vice president of Shell international LNG supply, in the statement.

The agreement, which would begin from April 2012, was signed in Singapore by Wells and Kazuo Kakehashi, senior executive officer of Osaka Gas.

“Japan is a key market for Shell and we are committed to help secure the energy that the country needs now and in the future,” said Wells.

Osaka Gas is a major natural gas supplier and energy services provider in Japan.