LNG will serve as a more eco-friendly fuel, which will be able to comply with sulphur emissions regulations from international shipping, effective from 2020. It is expected that about one-fourth of the world’s ship fuel use will be switched over to LNG by 2030, increasing the demand for LNG.
At the same time, inadequate LNG bunkering infrastructure is a main reason that Japan and the rest of Asia are behind, as Europe and the US are adopting LNG as marine fuel.
Hoping to make Tokyo Bay a gateway to Asia for ships sailing in the Pacific Ocean, into a LNG bunkering hub, the three companies will jointly study the commercial feasibility of Ship-To-Ship LNG bunkering services using LNG bunkering vessels.
The project will remain open to possible participation in such a business venture by other LNG-related companies.