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Brief -- Tokyo Gas, Centrica

Tokyo Gas Co. Ltd. and Centrica LNG Co. Ltd. of the United Kingdom have struck an agreement to optimize LNG cargoes that Tokyo gas procures from the United States and those that Centrica acquires in the Asia Pacific region. "For Tokyo Gas...this...achieves the development of an LNG value chain linking the Asia, North America and Europe regions..." the company said Monday in announcing the arrangement. Kentaro Kimoto, general manager of the gas resources department of Tokyo Gas, said, "Through this tie-up with Centrica, which is a major LNG buyer on the Atlantic market, we expect to conduct flexible LNG trading bridging both the Atlantic and the Pacific markets and to bring greater vitality to the LNG market overall." Tokyo has signed up for LNG from the Dominion Cove Point LNG terminal in Maryland.

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