Aug 1, 2016

Tokyo Gas in talks with European firms to swap LNG cargoes

Tokyo Gas Co., the nation’s second-biggest buyer of liquefied natural gas, is in talks with European companies to swap cargoes it owns from the U.S. with those in Asia to reduce shipping times and costs. The utility is offering cargoes from the Cove Point ...

Jul 14, 2016

FTC reviewing whether no-resale LNG contracts are illegal

The Fair Trade Commission is investigating whether clauses in contracts for liquefied natural gas that restrict buyers from reselling the fuel violate the competition laws of the world’s largest user of the super-chilled gas, according to people with knowledge of the matter. The investigation ...

May 30, 2016

Mitsui to deliver Colombia's first LNG shipment

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Mitsui & Co. has been chosen to deliver Colombia’s first cargo of liquefied natural gas later this year as the country prepares to place a floating import terminal into service, according to the terminal’s developer. Mitsui will send the cargo to the gas storage ...

May 23, 2016

Japan pays least since 2005 for LNG amid price slump

Japan, the world’s biggest buyer of LNG, paid the lowest price in about 11 years for the fuel last month amid a global oversupply. The average price of LNG shipments into the country was about $6.32 per million British thermal units in April, the ...

G-7 vows to spur investment, security for stable energy supply

May 2, 2016

G-7 vows to spur investment, security for stable energy supply

Energy ministers from the Group of Seven nations agreed Monday on the need to strengthen energy security and promote investment in the sector, as low prices and other emerging issues threaten to destabilize supply. The ministers gathered in Kitakyushu, Fukuoka Prefecture, for two days ...

Feb 18, 2016

Japan's LNG imports fall on warm weather and atomic restarts

The world’s biggest buyer of liquefied natural gas said imports fell the most in more than six years as nuclear reactors restarted and warm weather cut demand. Shipments of the super-cooled fuel to Japan fell 14.1 percent in January, the biggest drop since May ...

Japan set to get more LNG than it needs

Dec 3, 2015

Japan set to get more LNG than it needs

The nation is probably set to receive more LNG than it needs, potentially forcing some purchasers in the world’s biggest user of the fuel to resell cargoes and add to a glut. Liquefied natural gas volumes contracted by Japanese buyers may exceed their combined ...

Utilities buying new gas turbines to cut fuel bills

Sep 4, 2015

Utilities buying new gas turbines to cut fuel bills

The nation’s biggest power utilities are pushing ahead with plans to spend more on new turbines to improve the efficiency of their gas-fired power plants in an effort to lower fuel bills amid a protracted debate over the role of nuclear power. Chubu Electric ...

Jul 21, 2015

Chubu Electric mulls selling power with Inpex

Chubu Electric Power Co. is considering joining hands with Inpex Corp. to sell electricity to gas operators in the Kanto region, company sources said Tuesday. The Nagoya-based utility, which currently supplies power in central Japan under a regional monopoly system, hopes to utilize the ...

May 3, 2015

Broader Panama Canal set to help energy-hungry Japan

The reopening next April of a wider Panama Canal is expected to help shape Japan’s post-3/11 energy policy. With all reactors offline after the shattering of the nuclear safety myth, imports of liquefied natural gas are growing so thermal power can offset the total ...