Tokyo Gas: Signed Preliminary Agreement With BG Group On LNG Stake Buy
31 March 2010 - 4:49PM
Dow Jones News
Tokyo Gas Co. (9531.TO) said Wednesday it has signed a
preliminary agreement with BG Group to purchase liquefied natural
gas made from coal bed methane in Queensland, Australia and to buy
stakes in the project.
Under the agreement, Tokyo Gas aims to buy 1.2 million metric
tons a year of LNG for 20 years from 2015. It will buy a 1.25%
stake in a gas block and a 2.5% stake in the no. 2 liquefaction
train.
-By Mari Iwata, Dow Jones Newswires; 813-6269-2798;
mari.iwata@dowjones.com
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