AGDC began a new chapter in the storied history of LNG shipments between Alaska and Japan with the signing of a Letter of Intent (LOI) with Tokyo Gas, Ltd. on December 4, 2017. The LOI addresses the sale and purchase of LNG from AGDC to Tokyo Gas Co., Ltd. as well as a commitment to explore other opportunities to collaborate on Alaska LNG.
“Alaska is a trusted source of LNG,” said Michiaki Hirose, president, Tokyo Gas Co., Ltd. “For more than 40 years Tokyo Gas Co., Ltd. received shipments of LNG from Alaska. As the closest source of North American LNG to Japan, with a shipping time of as little as seven days point to point, Alaska LNG is naturally an economic and reliable source of LNG for Tokyo Gas Co., Ltd.”
Tokyo Gas Co., Ltd. is one of the largest energy utilities in Japan and is the principal service provider to more than 11 million customers in the Greater Tokyo Area including Kanagawa, Saitama, Chiba, Ibaraki, Tochigi, and Gunma prefectures. Founded in 1885, Tokyo Gas Co., Ltd. is today active in all aspects of the natural gas supply chain, including the production, supply, and sale of city gas and power, overseas upstream, midstream, and downstream businesses, engineering, and shipping.
“I am pleased AGDC is able to help carry on the longstanding LNG trade between Japan and Alaska for the next 40 years,” said Keith Meyer, president, AGDC.