K Line’s large gas carrier ‘Grace River’ has carried and discharged Ichthys LNG Project’s first LPG cargo carried to Japan, according to the company’s statement. The cargo was imported by Astomos Energy Corporation at Kyushu L.P.G. Fukushima Terminal, on January 23.
Challenge Peak, an oil products tanker operated by Singapore-based NYK Bulkship (Asia) Pte. Ltd., has shipped the first batch of plant condensate produced at the onshore gas liquefaction plant of the INPEX-operated Ichthys LNG Project. The condensate was loaded from the gas liquefaction plant in Darwin.
INPEX informed that it opened the onshore LNG processing facilities of Ichthys LNG. This project aims to meet increasing LNG demand in Japan and will contribute to the Australian way of life. About 70% of the LNG produced by Ichthys LNG will be supplied to Japanese customers.
Japan in collaboration with private companies have spent $4 billion to support LNG projects, mostly in Asia. These projects aim to drive the demand for the fuel, according to the country’s trade minister, Hiroshige Seko. The funds will go towards upstream, midstream and downstream LNG projects in developing countries in Asia.
The recently-launched Japanese container shipping venture Ocean Network Express (ONE) announced that it sees low-sulphur fuel oil as the most viable option for compliance with the 2020 sulphur cap, after having studied all the three popular options to comply with the regulation- LSFO, LNG and scrubbers.
In a bid to support the development of an Australian hydrogen industry, the Australian Renewable Energy Agency (ARENA) has launched a funding round in late 2017 to accelerate innovation in the creation, transportation and transformation of hydrogen into energy at the point of use.
In late June, the Japanese government granted a subsidy for a project developed by three Japanese firms earlier in 2018, aiming to support LNG bunkering in Tokyo Bay. The three companies, Uyeno, Sumitomo, and Yokohama-Kawasaki International Port, inked a MoU in March 2018.
Central LNG Shipping Japan Corporation, a joint venture established by Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho Corporation, and Nippon Yusen Kabushiki Kaisha, has ordered an LNG bunkering vessel, the first to be operated in Japan.
In 2017, the US exported 905,000 barrels per day of propane, with the largest volumes going to supply petrochemical feedstock demand in Asian countries. Four of the top five countries receiving US propane exports are in Asia: Japan, China, South Korea, and Singapore. These countries imported 452,000 b/d of US propane in 2017.
India and Japan are looking into the possibility of cooperating to construct new LNG infrastructure in India, according to India’s Oil Minister Dharmendra Pradhan. Mr. Pradhan had a meeting with the Japanese Trade Minister Hiroshige Seko, where they discussed possibilities for a joint venture energy projects in Asia.
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