OilOnline.com: Sakhalin II Project announces new Japanese sales agreement (ShellNews.net) Posted 1 June 05

By: OilOnline

Shell Gas & Power has announced that its joint venture Sakhalin II project has signed a Heads of Agreement for the long-term sales and purchase of up to 0.21 million tonnes per annum of LNG to Hiroshima Gas Co Ltd.

The agreement, for 20 years, is the fifth to be signed with a Japanese company and the first with Hiroshima Gas.

Sakhalin Energy and Hiroshima Gas will now continue to finalise the Sales and Purchase Agreement (SPA) with deliveries expected to commence in 2008.

http://www.oilonline.com/news/headlines/business/20050531.Sakhalin.18132.asp

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