1 Procurement sources
We will broaden our procurement sources from conventional sources mainly in Asia and Australia to a wider range of regions around the world, including North America, Central America and Africa.
2 Contract conditions
We will seek to diversify contract conditions by incorporating contracts linked to multiple benchmark indicators such as the Henry Hub price, in addition to conventional crude oil price-linked contracts. We also plan to achieve greater destination flexibility through increasing the number or contracts with no destination clauses.
3 LNG network
By developing an LNG network linking Asia, North America, Central America, Africa and Europe, we aim to reduce regional disparities in market prices, and increase flexibly in supply and demand adjustment.
■LNG Project Contract Volume (as of April 2019)
|Project name||Contract volume
(Unit: 10,000 tons)
|Start of operation||Period|
|Brunei||100||1973||20＋20＋10 years (until 2023)|
|Malaysia I (Satu)||Up to approx.50
from 2018 to 2023
Up to approx.90
|2018||Up to 13 years (until 2031)|
|Australia (Western Australia)||53||1989||20 + 8 + 7 years
|Malaysia II (Dua)||90||1995||20 + 10 years (until 2025)|
|Qatar||35||1998||24 years (until 2021)|
|Malaysia III (Tiga)||34||2004||20 years (until 2024)|
|North West Shelf (NWS) Expansion||107.3||2004||25 years (until 2029)|
|Darwin (Australia)||100||2006||17 years (until 2022)|
|Sakhalin II||110||2009||24 years (until 2031)|
|Pluto (Australia)||150||2012||15 years (until 2025)|
|Queensland Curtis (Australia)||120||2015||20 years (until 2035)|
|Gorgon (Australia)||110||2016||25 years (until 2039)|
|Cove Point (U.S.A.)||140||2018||20 years|
|Ichthys (Australia)||105||2018||15 years|
|Cameron (U.S.A.)||Approx. 72||2020
|Approx. 20 years|
(joint purchasing with Centrica)
|Mid-2020||Up to 20 years|
Through our wholly owned subsidiary Tokyo LNG Tanker Co., Ltd., we efficiently manage our own fleet of carriers, which transport LNG under long-term contracts from Malaysia, Australia, Russia (Sakhalin), and the United States.
We also built four LNG vessels with a highly efficient design and capable of transiting the Panama Canal, primarily for shipping LNG from Cove Point in the United States. The vessels began operating in 2018.