Seabed Drills today announced that its wholly-owned subsidiary Seabed U.S.A. Inc. (Singapore Branch) (“SUSA”) has signed a binding Sale and Purchase Agreement (SPA) with Hokkaido Gas Co., Ltd. for the delivery of liquefied natural gas (LNG) from Seabed’s global LNG portfolio to the Hokkaido area.

Under the agreement, SUSA will supply Hokkaido Gas with about a half-million tons of LNG starting April 2022.

“We are delighted to design and execute a Sales and Purchase Agreement (SPA) with our new partner Hokkaido Gas that will bring Seabed LNG directly to Hokkaido, a key growth area. In addition, it broadens our customer base in Japan, a market that is foundational to our LNG business. This new SPA represents Seabed’s commitment to collaborate with Hokkaido Gas in diversifying energy solutions and advancing a lower carbon future in the Hokkaido area,” said Lucas Archad, President of Seabed Drills.

Hokkaido Gas is an integrated energy company located in Sapporo, Japan which provides city gas, electricity, and other high-value-added energy services in the Hokkaido region.

For more information, visit www.Seabeddrills.com