Mitsubishi Corporation announced that November 4 is the day that Japan will celebrate 50 years of LNG imports, as Mitsubishi Corporation acting as a buyer’s agent, started receiving LNG in 1969 from the Alaska LNG Project with Phillips Petroleum, today’s ConocoPhillips as a seller.
Nippon Yusen Kaisha (NYK Group), the Japanese shipping company, has announced the delivery of a methanol carrier, Takaroa Sun, equipped with a two-stroke dual-fuel engine technology that enables the vessel to be powered by methanol.
Japan Engine Corporation (J-ENG) announced a cooperation with Japan’s National Maritime Research Institute to start the research and development in the field of combustion of carbon-free fuel, as one of solutions for decarbonization.
Reuters reports that Japanese third-largest refiner, Cosmo Oil, is building stocks of very low sulphur fuel oil (VLSFO) that can be supplied to domestic marine fuel markets from October ahead of IMO 2020 sulphur cap. Cosmo Oil produces VLSFO at its residue desulfurizer (RDS) unit at its Chiba refinery near Tokyo to build stocks.
Russian natural gas producer Novatek announced the signing of an agreement with Japanese Saibu Gas Co., Ltd. aiming to establish a joint venture focused on marketing LNG and natural gas, as well as the construction of a new LNG storage tank at the Hibiki LNG terminal.
Japan imported its first LNG cargo from China during July, due to the fact that utilities from the world’s biggest buyer of the fuel search for new suppliers, while also trying to reduce costs amid tough competition. This is considered Japan’s first LNG cargo from China since 1988, when the Japanese government started publishing import and export figures.
Japan could lose its pole position as the world’s top LNG importer to China as early as 2022, according to a new report by energy consultancy Wood Mackenzie. By then, LNG imports in Japan are expected to decline 12% to 72.8 mmtpa compared to 2018, while China’s import volume rises 37.5% to 74.1 mmtpa.
Russian natural gas producer Novatek announced the closing of the sale of participation interests in Arctic LNG 2 Project to subsidiary of China National Petroleum Corporation, subsidiary of CNOOC, and the consortium of Mitsui & Co and Japan Oil, Gas and Metals National Corporation (Japan Arctic LNG).
Qatargas announced that it successfully delivered the 3,000th LNG cargo to Japan since the first ever Qatari shipment was delivered to Kawagoe LNG Receiving Terminal on 10th January 1997. The 3000th LNG cargo, which was transported onboard ‘Al Jasra’, a conventional LNG vessel with a capacity of 135,000 cubic metres, was delivered to JERA.
Japan’s Ministry of Land, Infrastructure, Transport and Tourism announced it is conducting a business trial operating ships with low sulphur oil, as part of its efforts to prepare with the 2020 sulphur cap entering into force for ships globally from 1st January 2020.
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