Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,691.00
    +1,501.94 (+3.05%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

Japan's Tepco signs 17-year LNG supply deal with BP unit

Reuters - UK Focus

TOKYO, Sept 12 (Reuters) - Japan's Tokyo Electric Power Co said on Friday it has signed a 17-year deal to buy up to 1.2 million tonnes per year of liquefied natural gas (LNG) from the Singapore unit of UK oil and gas major BP starting from April 2017.

The LNG will be sourced from BP (LSE: BP.L - news) 's portfolio, rather than a specific project, and the prices will be linked to the U.S. Henry Hub gas index rather than oil prices.

LNG imports by Japan, the world's top buyer of the super-cooled fuel, has risen since 2011 when the Fukushima nuclear disaster lead to all of the country's nuclear reactors being shut down to face more stringent safety checks. (Reporting by James Topham; Editing by Muralikumar Anantharaman)