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TEPCO to Purchase LNG from Cameron LNG Terminal Based on Henry Hub Price

Tokyo Electric Power Company (TEPCO) announced that it has agreed on the initial terms and conditions of an agreement with Mitsui & Co., Ltd., and is in final discussions with Mitsubishi Corporation, for the purchase of approximately 800,000 tons of LNG
February 6, 2013

Tokyo Electric Power Company (TEPCO) announced that it has agreed on the initial terms and conditions of an agreement with Mitsui & Co., Ltd., and is in final discussions with Mitsubishi Corporation, for the purchase of approximately 800,000 tons of LNG per year from the Cameron LNG export terminal in Cameron Parish, La. The LNG purchases, starting in 2017 for a period of about 20 years, will be linked to the Henry Hub gas price for the first time in a TEPCO long-term LNG contract.

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