Report: Japan’s Osaka Gas signs contract with Sakhalin-2 operator

TOKYO, Jan 17 (PRIME) -- Japanese energy company Osaka Gas has signed a contract to buy liquefied natural gas (LNG) with Sakhalinskaya Energiya, the new operator of the Sakhalin-2 LNG project, replacing a contract with the previous operator, local daily Sankei reported on Tuesday.

Under the previous contract with Sakhalin Energy, Osaka Gas was to buy 200,000 tonnes of LNG from the Russian company, or about 2% of the LNG that Osaka Gas buys per year.

“We have managed to sign the contract at previous conditions,” a representative of the Japanese company told Sankei without disclosing other details of the contract.

Previously, other Japanese companies, including JERA, Kyushu Electric Power Company, Tohoku Electric, Hiroshima Gas, Saibu Gas, and Tokyo Gas, signed similar contracts with the new operator of the project.

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