Tagged Japan

Report: Inpex sells Ichthys LNG cargo at record low price

Rate this article By Mirza Duran Japan’s Inpex has reportedly sold a liquefied natural gas cargo produced at its Ichthys plant in Australia for a record low price. Image courtesy of Inpex Inpex had offered two cargoes for loading in May and has sold at least one of them at about $1.70 to $1.75 per…

ClassNK awards AIP to Imabari’s LPG dual-fuelled bulker

Rate this article By Jasmina Ovcina Japan’s classification society ClassNK has granted an Approval in Principle (AiP) to Imabari Shipbuilding Co. for the concept design of a 180,000 DWT LPG dual-fuelled bulk carrier developed in cooperation with Mitsubishi Shipbuilding Co. This was the first LPG dual-fuelled bulk carrier in the world to be granted an…

Japan’s monthly LNG imports continue to decline

Rate this article By Mirza Duran Japanese imports of liquefied natural gas continued to decline this year and they dropped for the third consecutive month in March. Japan, the world’s largest importer of LNG, received 7.2 million tonnes of the fuel last month, down 1.2 per cent from a year earlier. March LNG imports cost…

Mexico Pacific hires financial advisor as it looks towards LNG FID

Rate this article By Mirza Duran Mexico Pacific said Thursday it has engaged Mitsubishi UFJ Financial Group as a financial advisor as it moves towards a final investment decision on its LNG export project. Image courtesy of Mexico Pacific Japan’s MUFG is one of the world’s largest publicly traded financial institutions and Mexico Pacific believes…

Lundqvist Rederierna orders LNG-powered Aframax

Rate this article By Mirza Duran Finnish shipping company Lundqvist Rederierna has ordered a liquefied natural gas-powered Aframax tanker from Japan’s Sumitomo Heavy Industries. Alfa Finlandia (Image courtesy of Lundqvist Rederierna) The 112,000-deadweight-tonnage ship is scheduled for delivery by January 2022, according to Lundqvist Rederierna. Lundqvist Rederierna did not reveal the price tag of the…

MHI Vestas turbines for 700 MW Japanese offshore wind project

Rate this article By Nadja Skopljak Renova has selected MHI Vestas to supply turbines for the Akita Yurihonjo offshore wind project in Japan. The project is expected to have a power generating capacity of approximately 700 MW, making it one of the largest offshore wind farms in Japan. “The Yurihonjo project will be a pioneer…

Japan’s spot LNG prices flat in March

Rate this article By Adnan Bajic Prices of the spot liquefied natural gas imported into Japan during the month of March remained flat compared to the previous month. Image courtesy of Tepco Data from the Japanese Ministry of Economy, Trade and Industry (METI) shows the contract-based price in March remained at $3.4 per mmBtu. However,…

LNG giant JERA starts Ohgishima city-gas plant ops

Rate this article By LNG World News Japan’s LNG importing giant JERA, said the Ohgishima City Gas Supply JV it has established with its compatriots JXTG and Osaka Gas kicked off operations at the city gas production and supply facility in Kawasaki city. Read Full Article Here For more great articles: LNG World News