TOKYO (March 14):  Tokyo Gas to buy 500k-1m tons/year of LNG for 6 years from Malyasia, with option to extend contract by 7 years, Nikkei newspaper reports, without citing anyone.

* New LNG contract with companies including Malaysia’s Petronas won’t have destination clauses that restrict cargo resale

* NOTE: Tokyo Gas expects to sign Malaysian LNG contracts without resale restrictions “soon,” Senior Executive Officer Kentaro Kimoto said in Feb. interview

* NOTE: Tokyo Gas will likely reduce volumes it purchases from Malaysia under term contracts from current 2.6m tons/year, Executive Vice President Takashi Uchida told reporters in Jan.