Japan

Japanese oil company stocks VLSFO at Chiba

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.

Novatek inks LNG agreement with Saibu Gas

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 receives first cargo of LNG from China since 1988

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.

China could overtake Japan as top LNG importer by 2022

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.

Novatek closes Arctic LNG 2 transaction

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 achieves 3000th LNG cargo delivery to Japan

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 tests ships operation with 2020 compliant fuels

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. 

China on path to become world’s top LNG importer

According to a Banchero Costa report, China is on the path of surpassing Japan this year as the world’s top importer of LNG. In 2018, China retained its position as the second largest importer, globally, of the commodity after Japan, surpassing South Korea in 2017. 

Yamal LNG ships first LNG cargo to Japan

Russian natural gas producer Novatek announced Wednesday that Yamal LNG shipped the first LNG cargo to Japan in accordance with the long-term offtake agreement with French oil and gas company Total. The cargo was unloaded at the Tobata LNG Terminal.

Partners present LNG as an efficient use of energy in Shikoku, Japan

Japanese company Tokyo Gas signed an agreement regarding the sale and purchase of liquefied natural gas (LNG) with Sumitomo Joint Electricity Power. The two partners aim to boost LNG as a fuel in the area, while also promote it as a stable and efficient use of energy. 

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