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JERA's LNG Purchase Deal with US Commonwealth LNG Terminated, DOE Filing

TOKYO, April 3 (Reuters) - A long-term liquefied natural gas sales and purchase ​agreement entered into last year ‌between Japan's largest power generator, JERA, and U.S. LNG developer Commonwealth ​LNG has been terminated, ​according to a document filed ⁠with the U.S. Department of ​Energy.

Last June, JERA, also Japan's ​top LNG buyer, said it had signed a 20-year SPA with Commonwealth LNG ​for 1 million metric tons ​per annum (mtpa) from the developer's Louisiana project.

A ‌notification ⁠of the deal's termination, dated April 1, was filed on behalf of Commonwealth. The ​letter said ​the ⁠agreement was terminated effective March 3, without giving ​a reason.

Bloomberg earlier reported ​the ⁠termination.

JERA declined to comment, while Commonwealth LNG was not immediately ⁠available ​for comment.

Reporting by ​Yuka Obayashi in Tokyo and Curtis Williams ​in Houston; Editing by Kim Coghill

Source: Reuters


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