Qatar in Deal to Sell LNG for 27 Years to Japan’s Jera

Qatar signed a 27-year deal to sell liquefied natural gas to Japan’s biggest utility, the first long-term supply accord between the two countries in more than a decade.

Jera Co. will purchase about 3 million tons of LNG per year from QatarEnergy starting in 2028, according to an announcement in Doha Tuesday. Qatar supplied about 3.3 million tons of the fuel to Japan last year, compared with about 10 million tons in 2017, according to ship-tracking data compiled by Bloomberg. Bloomberg was first to report the deal.