LNG

Tokyo Gas and RWE to optimise LNG trading

Tokyo Gas has signed a memorandum of understanding on cooperation with the trading arm of European utility RWE.
By Staff reporter 9 November 2018 0 33240

Tokyo Gas has signed a memorandum of understanding on cooperation with the trading arm of European utility RWE, the Japanese company said on Friday.

The two companies aim to strengthen ties in LNG sourcing and have agreed a framework for reducing costs through the optimisation of LNG shipping and trading using Tokyo Gas’s cargoes from the United States.

The companies are in discussions to complete a binding agreement on the framework.