japan – Page 3 – Oil & Gas 360

U.S. Gas Heads to Eastern Europe: Bulgaria Makes First U.S. Buy with Two LNG Cargoes - Oil & Gas 360

Tokyo Gas Won’t Increase Its U.S. LNG Purchase Volumes

October 12, 2018

Looking to diversify procurement conditions with non-U.S. suppliers TOKYO, Oct 11 (Reuters) – Tokyo Gas Co. is not considering raising U.S. liquefied natural gas (LNG) purchase volumes as it seeks to diversify procurement portfolio, its President Takashi Uchida told reporters on Thursday. The company has started receiving long-term U.S. LNG from Dominion Energy Inc’s Cove Point export plant in Maryland earlier

First Tanker of Cove Point Gas Transits Panama Canal en route to Japan

May 1, 2018

From Seatrade Maritime News Underscoring changing trade patterns the first-ever liquefied natural gas (LNG) shipment from the Dominion Cove Point terminal in the US to Japan has transited the Panama Canal. The transit of the LNG Sakura, which occurred last Saturday beginning in the Agua Clara locks on the Panama Canal Atlantic side, initiated a new LNG commercial route between

Sempra Expects to Ship LNG Cargoes from Cameron within Weeks - President Trump - Oil & Gas 360

Turn Up the Gas: Japan LNG Imports Hit Five-Year High as Cold Bites

February 1, 2018

From Reuters SINGAPORE (Reuters) – Japanese imports of liquefied natural gas (LNG) hit their highest in at least five years in January, with shipments expected to continue at a brisk pace this month as freezing weather keeps its grip on the world’s top buyer of the fuel. Japan’s imports of LNG rose to nearly 8.7 million tonnes last month, up

Dominion Energy Cove Point LNG Says it will Start Up Commercial Ops Early 2018, Denies LNG Contract Re-Negotiations

December 19, 2017

Dominion Energy (ticker: D) issued a statement today saying it would begin commercial operations early next year under the terms of previously negotiated 20-year contracts with ST Cove Point, which is the joint venture of Sumitomo Corporation and Tokyo Gas, and for GGULL, the U.S. affiliate of GAIL (India) LTD. Responding to a report from India’s Oil Minister, reported by

Global LNG Competition Stiffens: Who’s Got the Best Deal for Me?

May 10, 2017

Malaysia’s Petronas is looking to entice global buyers with smaller, shorter, more flexible LNG contracts and to eventually supply trucks and ships with the fuel Petronas, Malaysia’s state-owned energy company, and the world’s third-largest LNG exporter is exploring shorter-term contracts and smaller cargo sizes in an attempt to attract more buyers. LNG buyers have been looking for greater flexibility in

Japanese Govt. will Lend Iraq $2.1 Billion to Develop Basra Refinery

July 25, 2016

Loan Terms: 40 Years at 2% From Iraqi News (IraqiNews.com) Basra – Basra Provincial Council announced that the Japanese government has agreed to lend 2.1 billion US dollars to Iraq for developing Basra refinery and added that the loan will be repaid in 40 years with an interest rate of 2 per cent. Head of Oil and Gas committee in the council

Natural Gas Price Battered by Faltering Asian Demand and New LNG Supply Coming Online

March 2, 2016

Natural gas prices are down more than 4% today at $1.67 per MMBtu, the lowest they have been since 1999. Waning demand for natural gas in Japan, warmer weather expectations in the U.S., along with an expected surge in LNG supplies has put a great deal of downward pressure on natural gas prices. Japan, the world’s largest importer of natural

Oil Exports from Russia to Japan are Up 20% in 2015

November 6, 2015

Japan increasingly buying its oil from Russia Russia and Japan are becoming increasingly close energy partners, a trend that Igor Sechin, CEO of Rosneft (ticker: RNFTF) believes will continue into the future. Sechin said today that Russia’s oil exports to Japan rose 20% year-on-year in January-August 2015 despite a mutual decline in trade, Sechin said during a Russia-Japan energy cooperation

Will U.S. LNG Help Shore Up Japanese Economy?

November 19, 2014

In recent years there has become an acute awareness of the importance of energy security around the world, particularly in Japan. In 2011 a powerful tsunami from the Pacific knocked the Fukushima Daiichi nuclear power station offline, and led to Japan’s decision to close the rest of Japan’s 54 nuclear reactors. Japan, being the world’s third largest economy, was left

Two More U.S. LNG Export Projects Move Forward

October 30, 2014

Cove Point Begins Construction, Freeport Secures Financing Japanese/Asian Customers Lock Up Capacity of Both Projects With three years of governmental review and permitting out of the way, Dominion (ticker: D) announced today it has begun construction activities on its Cove Point LNG Export project on the western shore of the Chesapeake Bay in Maryland. The estimated price tag to add

Japan Has a Problem

July 29, 2014

Japan has an intelligent, well-educated citizenry, strong business leaders and dedicated workers who created an industrial juggernaut that has been the envy of the world for decades. But Japan has a problem. With no natural gas and very limited oil reserves of its own, for decades Japan has relied largely on nuclear energy to fuel its industrial output and it

Japan Looks to Import U.S. Natural Gas

June 23, 2014

With its 55 nuclear reactors currently offline in answer to the devastating earthquake and tsunami it suffered in March 2011, Japan has been forced to import more expensive alternative fuels to replace the homegrown nuclear-fueled electrical generation capacity which previously made up between a quarter and a third of the country’s electrical output and helped it achieve energy independence in

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