Shell Eastern Trading is to supply liquefied natural gas (LNG) to Osaka Gas under a long-term supply agreement.
Under the sales and purchase agreement, Osaka Gas will receive up to 800,000t of LNG per year for 25 years beginning in April 2012.
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The LNG will be supplied from Shell’s global LNG portfolio.
The initial five years of the 25-year term is a firm supply agreement, while the remaining 20 years is subject to a final investment decision about the Prelude LNG project under development by Shell in Australia.