BP, Kansai Electric pen LNG deals

Oil and gas giant BP and Japan’s Kansai Electric entered into a sales and purchase agreement for liquefied natural gas.

The two companies also signed cooperation agreement for the purpose of exploring opportunities for business collaboration, BP informed in a statement.

Under the agreements, BP will provide Kansai Electric with up to 13 million tonnes of LNG over 23 years, from its global LNG portfolio.

In addition, the agreements provide for Kansai Electric and BP to explore areas of cooperation across a wide range of LNG business activities such as LNG trading, and optimization of LNG ship operations.

Image: BP