Shizuoka Gas closes tender for seven-year LNG contract starting 2027

The Japanese company has completed the first phase of a tender for five annual cargoes of liquefied natural gas over seven years starting in April 2027, amid a gradual contractual renewal process.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Japanese distributor Shizuoka Gas has completed the initial phase of a tender for a long-term liquefied natural gas (LNG) contract, sources familiar with the matter said. The proposed deal would cover a seven-year period beginning in April 2027, with five cargoes per year, on a Delivered Ex-Ship (DES) basis.

Indicative offers linked to Brent

Interested sellers were asked to submit indicative offers indexed to Brent crude oil, the sources added. Shizuoka Gas has not issued any official communication on the process. The tender comes as several of its existing contracts are due to expire in the coming years.

The contract with Malaysia LNG Dua is set to end in 2026, followed by a portfolio agreement with Jera and a deal with Prelude FLNG, both expiring in 2027. Another contract with North West Shelf will conclude in 2028, according to data from the Japan Organization for Metals and Energy Security.

Possible signature by end-2025

According to one source, the company may finalise a new agreement by the end of 2025 to ensure supply continuity. The move forms part of a proactive gas portfolio management strategy, as regional competition for available LNG volumes remains high.

Separately, Shizuoka Gas signed a long-term sale and purchase agreement in December 2024 with Australian company Santos. The contract provides for annual deliveries of between 0.35 mn and 0.4 mn tonnes of LNG from 2032, for a 12-year period, also on a DES basis.

Evolving partnerships

The gradual adjustment of its contractual relationships reflects the company’s response to changing market conditions. The new agreements under negotiation are intended to bridge the gap between the expiration of legacy contracts and the start of future commitments.

While full details of the tender have not been disclosed, the process signals Shizuoka Gas’s intent to maintain supply stability through long-term commercial partnerships. The commitment to fixed volumes and Brent-linked pricing also highlights a structured approach to price volatility.

Venezuela demands full financial compensation for any gas exports from the offshore Dragon field, reactivated following U.S. authorisation granted to Trinidad and Tobago.
Vistra Corp. finalises the purchase of seven natural gas power plants totalling 2.6 gigawatts, strengthening its presence in key US electricity markets.
Tidewater Midstream and Infrastructure has finalised the sale of its non-core Sylvan Lake site to Parallax Energy Operating for $5.5mn, with limited impact on its 2025 results.
U.S. gas deliveries to Mexico reached 7.5 billion cubic feet per day in May, driven by rising demand in the power sector and new cross-border interconnections.
The Algerian national company has restarted a key liquefaction unit in Skikda, strengthening its export capacity amid massive investment in the gas sector.
Doha and Washington warn Brussels about the consequences of EU sustainability requirements on liquefied natural gas exports, as the continent’s energy security remains under pressure.
The Volans-1X exploration well revealed a 26-metre productive zone in the Orange Basin, marking another hydrocarbon find for Azule Energy partners in 2025.
Faced with the absence of commercially viable results on the Guercif permit, Predator Oil & Gas has initiated a sale process while continuing technical evaluation of the gas potential.
According to the Oxford Institute for Energy Studies, a stable gas price of $6/MMBtu would boost global demand by 60 billion m³ in the short term and 120 billion m³ by 2035, mainly driven by Asia.
Kazakhstan’s Karachaganak gas field has reduced output by nearly one-third following an incident at a key Russian gas processing plant targeted by a Ukrainian drone strike.
Kinetiko Energy reports production levels above economic thresholds at two Mpumalanga wells, strengthening the technical viability and development potential of its liquefied natural gas project.
National Fuel Gas Company acquires CenterPoint Energy’s natural gas distribution business in Ohio, doubling the size of its regulated portfolio and expanding its footprint in the US Midwest.
The United States, Canada and Mexico together plan a 151% increase in liquefied natural gas export capacity, representing more than half of expected global additions by 2029.
European Union member states have approved the principle of a full ban on Russian natural gas imports, set to take effect by the end of 2027.
CMA CGM becomes the first international container shipping company to commission LNG-powered ships from an Indian shipyard, all to be registered under the Indian flag.
KLN strengthens its industrial project portfolio with progress on the WHPA platform in Libya, a major offshore site valued at over HK$10bn ($1.28bn), aimed at supporting regional gas supply.
US LNG producer Venture Global will report its Q3 2025 financial results before markets open, followed by a conference call for investors.
NextDecade confirmed a final investment decision for Train 5 at Rio Grande LNG, backed by full $6.7bn funding, marking its second decision in a month.
Sudan seeks partnership with Belarus to rehabilitate its energy grid amid prolonged humanitarian, economic and logistical crisis.
The Malaysian group launched three tenders to sell up to five liquefied natural gas cargoes in November and December, sourced from its Bintulu and PFLNG Dua facilities.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.