TOKYO May 15 TonenGeneral Sekiyu KK,
Japan's second biggest refiner, said on Wednesday it had agreed
to buy a total of 600,000 tonnes of U.S. liquefied petroleum gas
(LPG), the latest case of Japanese firms seeking a cheaper
alternative to Middle East LPG.
TonenGeneral said in a statement that an LPG purchase
contract with Enterprise Products Partners of the United
States is linked to a benchmark price in North America, but did
not specify the contract's duration.
U.S. gas prices have come under pressure from an oversupply
of natural gas, including shale gas. Traditionally, users in
Asia rely for the bulk of their imports on Middle East LPG.