LNG

Japan’s Jera to avoid destination clauses in future LNG agreements

Jera is set to sign an LNG sales-and-purchase agreement that will not include a destination clause as it looks to replace long-term deals.
By Staff reporter 11 October 2017 0 27931

Jera is set to sign an LNG sales-and-purchase agreement that will not include a destination clause as it looks to replace long-term deals, according to Reuters.

The company’s long-term LNG supply contracts with Malaysia, Abu Dhabi and Qatar are set to expire in 2018, 2019 and 2021 respectively.

They represent a sizeable portion of its LNG imports.

Destination restrictions in these contracts will not be renewed automatically and will need to abide by the recommendations that the Japan Fair Trade Commission published...