BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Natural Gas

Japan's Toho Gas signs first Henry Hub-linked contract for Cameron LNG

Natural Gas | Oil | Metals

President Xi's Second Term

Natural Gas | Oil

Platts Wellscape P2P

Commodities | Energy | Electric Power | Emissions | Renewables | Natural Gas | Natural Gas (North American)

Northeast Power and Gas Conference

Natural Gas

Australia's Wheatstone LNG's train 1 shut down due to electrical issue: Chevron

Japan's Toho Gas signs first Henry Hub-linked contract for Cameron LNG

Highlights

Toho Gas has signed its first long-term contract based on Henry Hub gas prices, agreeing with Mitsui to buy 300,000 mt/year of LNG from the proposed US Cameron LNG export project, Japan's third-largest city gas provider said Thursday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The Nagoya-based utility said the 20-year contract runs from the start of production at the 1.7 Bcf/d Louisiana export terminal proposed by Sempra LNG. The project is awaiting Department of Energy approval to ship to countries without free trade agreements with the US.

In May, Mitsui, Mitsubishi and shipping company Nippon Yusen Kabushiki Kaisha agreed to take a combined 33.2% stake in the Cameron project, marking the first Japanese foray into US export projects. Toho Gas said the new contract also diversifies its LNG supply sources, adding to its current supplies from Indonesia, Australia, Malaysia, Qatar and Russia. All the long-term LNG contracts Toho Gas has made are linked to oil prices.

Some Japanese utilities, seeking new ways to price their LNG contracts in response to high oil prices, are turning to Henry Hub, especially for US projects.


Kansai Electric last year signed a 20-year heads of agreement with Sumitomo that would supply 800,000 mt/year of LNG from the Cove Point project in Maryland at a price linked to Henry Hub.

--Eriko Amaha, eriko.amaha@platts.com
--Edited by Meghan Gordon, meghan.gordon@platts.com