Tokyo Gas to cut Malaysia LNG purchases after contract expires in March

TOKYO: New President-Elect of Tokyo Gas Co, Takashi Uchida, says it will have to reduce the volumes of Malaysian liquefied natural gas (LNG) it buys after its long-term contract expires this year as it has been diversifying sources of supply to U.S. shale gas and others

The Tokyo-based firm's 15-year contract to buy up to 2.6 million tonnes per year of LNG from a unit of Malaysian state oil firm Petroliam Nasional, or Petronas, expires in March 2018.