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INPEX considers third LNG tank

LNG Industry,

Japan’s biggest oil and gas company, INPEX, is pondering over the construction of a third LNG storage tank at its Naoetsu LNG terminal in Niigata.

A senior INPEX official hinted that the import capacity could increase to nearly double its current standing of 1.5 million tpa – to 2.7 million tpa. However, the official said that demand would determine expansion and that no decisions had been taken.

INPEX is working on a 102 km pipeline, which will run from Itoigawa and Toyama. "After those supply-chain extensions, we may need to construct a third LNG tank in the very same place of the Naoetsu terminal," said Kimihisa Kittaka, INPEX's vice president of corporate strategy and planning division. "We still have some space for the third LNG tank."

The Naoetsu LNG terminal will be supplied with LNG predominantly from the Ichthys LNG plant in Australia.

Adapted from press release by Ted Monroe

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