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Three Japanese firms will purchase about 2.35 million tons of liquefied natural gas a year from Oman, to address energ y supply disruptions due to Russia's invasion of Ukraine, the Japanese industry ministry said.
Japanese industry minister Yasutoshi Nishimura met with Oman ministers in the Middle Eastern country country and attended a signing ceremony between Japanese trading houses Mitsui & Co, Itochu Corp, and electricity firm Jera Co.
Nishimura emphasized that the deal is extremely significant as Japan will be able to secure a stable supply of LNG both in quantity and quality on a long-term basis.
Mitsui, Itochu, and Jera will procure LNG from 2025 for about 10 years.
Japan imports about 1.9 million tons of LNG, or about 2.6 percent of total LNG imports, from Oman.
