In a statement TEPCO president Tsunehisa Katsumata said, “We expect that the introduction of LNG from the Sakhalin II Project will contribute not only to the stable supply and diversification of energy sources due to its abundant reserves and proximity to Japan, but also to economical and flexible procurement for us.”
According to Sakhalin Energy CEO Ian Craig, “Sakhalin Energy continues to work closely and further develop our relations with Tokyo Electric [and] we are extremely grateful for the commitment that Japan's largest power company has made to Sakhalin LNG.”
Under the terms of the SPA, TEPCO will be supplied LNG from Sakhalin Energy’s from the yet-to-be-completed Prigorodnoye LNG plant in Aniva Bay. The pant, which is the first LNG plant to be built in Russia, will have a total capacity of 9.6 million tons per annum.
