TOKYO May 19 Japanese utility Tohoku Electric
Power Co said on Monday it would buy more liquefied
natural gas (LNG) from the U.S. Cameron project, increasing its
purchase to 570,000 tonnes per year, using U.S. Henry Hub
natural gas-linked prices.
Tohoku said it signed a basic pact with GDF Suez,
which holds a 16.6 percent stake in the Cameron LNG project, to
buy 270,000 tonnes per year of LNG for 20 years from 2018 or
LNG imports by Japan, the world's top buyer of the
super-cooled fuel, have jumped since the Fukushima nuclear
disaster, with utilities looking to boost supplies from North
America to diversify supply sources and lower prices.
Tohoku last month signed a similar deal to buy 300,000 tpy
of Cameron LNG, for 16 years from 2022, from a unit of trading
house Mitsubishi Corp.
The U.S. Energy Department in February approved exports from
the Sempra Energy-led Cameron LNG project as the Obama
administration presses on with its goal of expanding the global
market for the fuel.
(Reporting by Osamu Tsukimori; Editing by Clarence Fernandez)