Arab Today, arab today qatar to sell gas to japan\s kepco
Last Updated : GMT 17:43:52
Arab Today, arab today
Arab Today, arab today

Qatar to sell gas to Japan\'s KEPCO

Arab Today, arab today

Arab Today, arab today Qatar to sell gas to Japan\'s KEPCO

Doha - AFP

Qatargas announced on Wednesday it has signed a long-term deal to ship 0.5 million tonnes of liquefied natural gas annually to Japan\'s Kansai Electric Power Company (KEPCO). The first long-term bilateral agreement between Qatar\'s gas operator and KEPCO will see Qatargas 3 delivering 0.5 million tonnes per annum (MTA) of LNG for a 15 years starting in 2013, Qatargas said in a statement. KEPCO, Japan\'s second largest electricity company, is one of the original eight Japanese customers which signed a multi-party contract with Qatargas 1 back in 1994, the statement said. In June, Qatargas 1 signed a similar long-term deal with Japan\'s Tokyo Electric Power Company (TEPCO) to buy one million tonnes annually. The Gulf emirate, which holds the world\'s third-largest gas reserves, celebrated in 2010 raising its LNG production capacity to 77 million tonnes a year, boosting its position as the world\'s largest producer. Japanese power companies are keeping thermal power plants online while shutting off nuclear plants because of tense public opposition. On March 11, a 9.0-magnitude quake rocked Japan\'s Fukushima Daiichi plant. The resulting 14-metre (46-foot) ocean wave knocked out the power supply, the reactor cooling systems and back-up diesel generators. With society\'s scars from the meltdowns at Fukushima refusing to heal, there has been a groundswell of public opposition to nuclear power, which once provided a third of energy-hungry Japan\'s electricity.

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