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 ...

Mar 26, 2015

LNG export project kicks off in Maryland

A ground-breaking ceremony was held in Cove Point, Maryland, on Wednesday for facilities related to a project to export liquefied natural gas to Japan. The project, which involves Sumitomo Corp., will see some 2.3 million tons of LNG shipped to Japan annually after the ...

Sep 11, 2014

U.S. officially approves LNG exports to Japan

The U.S. Department of Energy has given its final authorization on a project to export domestically produced liquefied natural gas to Japan and other countries, project manager Sempra Energy said Wednesday. With the participation of major trading houses Mitsui & Co. and Mitsubishi Corp, ...

Mitsui O.S.K. to pioneer Arctic route for LNG

Jul 9, 2014

Mitsui O.S.K. to pioneer Arctic route for LNG

Officials from shipping giant Mitsui O.S.K. Lines Ltd. announced Wednesday their company will begin transporting liquefied natural gas through the Arctic Ocean in 2018 — making it the first company in the world to tap the sea as a regular transit route. Using icebreakers ...