According to Reuters, JERA Global Markets is looking to purchase up to 0.5 million t of spot LNG for delivery in 1Q20.
LNG spot prices for Asia have risen to a new eight-month high, as demand for pre-winter cargoes emerges.
According to Reuters, Tokyo Gas has rejected the delivery of an LNG cargo after the vessel experienced a power outage after it entered Tokyo Bay.
Japan’s Tokyo Gas is aiming to renegotiate its long-term LNG contracts in favour of greater destination flexibility.
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.