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.
Japan is positioning itself as a potential hub in Asia for LNG refueling. International Transport Forum at the OECD issued a report assessing the factors that will influence the realisation of this ambition, that would make Japan one of the key places in Asia where LNG-fueled or co-fueled ships would be able to take onboard LNG.
Hoping to make Tokyo Bay a gateway to Asia for ships sailing in the Pacific Ocean, into a LNG bunkering hub, Uyeno Transtech, Sumitomo Corporation, and Yokohama-Kawasaki International Port Corporation will jointly study the commercial feasibility of Ship-To-Ship LNG bunkering services using LNG bunkering vessels.
As Sri Lanka Ports Authority Chairman Dr. Parakrama Dissanayake said, a Memorandum of Understanding between Sri Lanka, Japan and India on a LNG terminal and Floating Storage Regasification Unit will be signed next week and the feasibility study will begin soon.
Marubeni Corporation, JERA Co., and Squadron Energy, a subsidiary of Australia’s Minderoo Group, signed a Memorandum of Understanding regarding a joint feasibility study for the establishment of an LNG import terminal and gas supply project in New South Wales, Australia.
Tokyo Gas Engineering Solutions, along with Sumitomo Chemical, Sumitomo Electric Power Co, Sumitomo Joint Electric Power, and Shikoku gas, will build an LNG terminal at Sumitomo Chemical’s plant in Ehime prefecture in Japan. In the future, a new joint venture company will be create called Niihama LNG and the construction of the LNG plant will begin.
K Line, Chubu Electric Power Co., Inc., Toyota Tsusho Corporation and NYK Line announced they have begun joint discussions on the commercialization of a new business to supply LNG as a marine fuel to ships in the Chubu, the central region of Japan.
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