Toho Gas of Japan said it has entered into a heads of agreement with Malaysia’s Petronas to buy liquefied natural gas.
The company plans to take seven to nine cargoes per annum for a period of 10 years starting from April 2017, it said in a statement on Tuesday.
The prices will be linked to both crude oil and U.S. Henry Hub prices.
According to the statement, the chilled gas will be sourced from Petronas LNG Complex in Bintulu, Malaysia, as well as from the company’s global LNG portfolio.
LNG World News Staff; Image: Bintulu Port