SHELL SIGNS 20-YEAR LNG SUPPLY DEAL WITH JAPAN’S CHUBU ELECTRIC – RTRS

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LONDON, May 29 (Reuters) – A Singapore-based subsidiary of oil major Shell RDSa.L has signed a 20-year liquefied natural gas (LNG) deal with Japan’s Chubu Electric 9502.T, Shell said on Thursday.

Under the agreement, Shell Eastern Trading will supply up to 12 cargoes of LNG per year to Chubu Electric.

“Shell has a long history of supplying natural gas to Japan, and this agreement demonstrates our continued commitment to the country,” said Maarten Wetselaar, vice president at Shell Integrated Gas.

The deal, which will start in October, is the first long-term LNG supply agreement between Shell and Chubu Electric.

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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