October 12, 2012 / 7:26 AM / 5 years ago

Chubu Electric to buy LNG from Qatar for 15 yrs from 2013

TOKYO, Oct 12 (Reuters) - Japan’s Chubu Electric Power Co has signed a contract to buy liquefied natural gas (LNG) from Qatar for 15 years from 2013 to ensure a stable electricity supply, the company said in a statement on Friday.

Chubu Electric, whose reliance on gas-fired power plants is among the highest in Japan’s power utilities, said it will buy 1 million tonnes per year of Qatari LNG between 2013 and 2017 and 700,000 tonnes per year between 2018 and 2028. (Reporting by Risa Maeda; Editing by Ken Wills)

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