Japan imports first Chinese LNG cargo since 1988
Published by David Rowlands,
Editor
LNG Industry,
Reuters reports that the 70 560 t cargo was shipped from the Hainan LNG terminal, which is operated by CNOOC Ltd, to Chita, near Nagoya, where Toho Gas jointly operates an LNG terminal with JERA.
Reportedly, the cargo was delivered at US$5.68/million Btu. This is below Japan’s average import cost of US$9.50/million Btu for LNG in July.
Reuters claims that this shipment illustrates the increasing flexibility of the Asian LNG market.
Read the article online at: https://www.lngindustry.com/regasification/29082019/japan-imports-first-chinese-lng-cargo-since-1988/
You might also like
Crown LNG selects IKM Consulting Ltd as engineering design partner for Grangemouth LNG project
Crown LNG Holdings Ltd has selected IKM Engineering & Environmental Consultants as its partner for the design and engineering of its planned 100% owned floating LNG import terminal in the Firth of Forth, Scotland.