Chubu Electric, BP Sign LNG Deal

Chubu Electric Power said Friday that it had executed a fully termed LNG sales and purchase agreement with BP Singapore Pte. Limited.

This agreement is for Chubu Electric to purchase LNG supplied from BP's global LNG portfolio by BP Singapore Pte. Limited.

Chubu Electric is to purchase approx. 8 million tonnes over 16 years commencing financial year 2012.

Chubu Electric believes that this LNG supply from a variety of BP's portfolio sources will contribute to the procurement of stable and flexible LNG supply.