GDF SUEZ and the Japanese utility Tohoku Electric have signed a long term LNG sale and purchase Heads of Agreement. Under this new agreement GDF SUEZ commits to deliver 0.27 Mt/year of LNG to Tohoku Electric. The long term contract will start in 2018 and last for a 20-year period. Volumes will be supplied with natural gas from the US which will be liquefied in the Cameron LNG plant, in which GDF SUEZ owns a 16.6% stake. The 12 Mt/year Cameron LNG export project which partners are GDF SUEZ, Sempra, Mitsubishi and Mitsui has received conditional approvals from the US Department of Energy (DOE) and partial agreement from the Federal Energy Regulatory Commission (FERC) and is likely to be finally sanctioned within the course of 2014. The liquefaction plant is expected to be commissioned in 2018-2019.
In April 2014, Tohoku Electric had already signed a basic agreement with Mitsubishi (16.6% stake in Cameron LNG) to purchase 0.3 Mt/year of LNG from this project, starting in 2022 and over 16 years.
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