Tokyo Gas signs long-term LNG contract with new Sakhalin-2 operator

A Japanese-made liquefied natural gas (LNG) carrier is anchored near an LNG plant on Sakhalin island near the town of Korsakov, some 50 km (31 miles) from Yuzhno-Sakhalinsk February 18, 2009. REUTERS/Sergei Karpukhin

TOKYO, Aug 30 (Reuters) - Japan's biggest city gas supplier Tokyo Gas Co Ltd (9531.T) has signed a long-term contract with a new Russian operator of Sakhalin-2 energy project to buy liquefied natural gas (LNG), a spokesperson for the Japanese company said on Tuesday.

The main conditions such as volume remained the same as the previous contract, he told Reuters, without elaborating.

The move follows JERA, Japan's biggest power generator, which said last week that it had signed a deal with the new Sakhalin-2 operator to maintain long-term deliveries of LNG. read more

Russian President Vladimir Putin signed a decree in June taking charge of the project, creating a new legal entity to deal with for buyers and shareholders, which include Shell (SHEL.L) and Japanese trading houses Mitsui & Co (8031.T) and Mitsubishi Corp (8058.T).

Reporting by Yuka Obayashi; Editing by Kim Coghill

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