Tohoku Electric buys six LNG cargoes from BP in short-term deal By Reuters – Investing.com UK

Tohoku Electric buys six LNG cargoes from BP in short-term deal By Reuters – Investing.com UK

By Aaron Sheldrick and Marwa Rashad

TOKYO (Reuters) - Japan's Tohoku Electric Power has signed a contract with BP (LON:) for six cargoes of liquefied (LNG), two trading sources told Reuters, avoiding paying record high prices on the spot market for short-term supplies.

The cargoes will be delivered in the first half of next year and are priced at 20% of , the sources said, translating to about $17 per million British thermal units (mmBtu) at current prices.