Tepco, BP Seal Long - Term LNG SPA

摘要

Japan's largest power utility Tokyo Electric Power (Tepco) has signed a sales and purchase agreement (SPA) to receive up to 1.2 million tons per year of LNG from UK major BP for 17 years starting April 2017, marking the largest Japanese LNG buyer's first long - term portfolio supply deal. The deal also reinforces an increasing appetite among Asian buyers for portfolio supplies, rather than project - specific offtake, and exposure to the US Henry Hub price.