2019 a banner year for LNG
The Chief of the IEA has announced that there have been record investments in LNG this year.
Browse the latest japan lng news news and articles.
The Chief of the IEA has announced that there have been record investments in LNG this year.
Japan’s industry minister has announced that Japan, along with its private sector firms, will invest US$10 billion in global LNG projects.
Mitsui O.S.K. Lines, Ltd. has participated in the first LNG bunkering trial in the Port of Kobe, onboard the LNG-fuelled tugboat ‘Ishin’.
Japan’s Inpex Corp. is looking to expand its presence in Australia, as part of a plan to establish itself as a major gas company in the region.
Japan’s Mitsui & Co. has plans to expand its iron ore and LNG assets, despite indications that the global economy is slowing.
According to Reuters, in July, Japan imported its first LNG cargo from China since 1988, as utilities seek new suppliers and try to reduce costs amid tough domestic competition.
Japan’s Hokuriku Electric is seeking an LNG cargo for November delivery.
Asia will reportedly lead the global LNG regasification industry in capacity growth from newbuild projects by 2023, says GlobalData.
According to Reuters, low LNG spot prices are having little impact in Asian markets, while the European import market has seen a significant boost.
According to Reuters, Tohoku Electric Power – a Japanese electric utility – is seeking an LNG cargo for delivery in September.
EnergyQuest has released its monthly LNG report for July 2019.
Asian LNG spot prices have recently experienced a small rise, due to increased market activity.