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Japanese shipping, energy firms mull LNG bunkering business

29 Jan 2018

Japanese shipping companies Kawasaki Kisen Kaisha (“K” Line), Nippon Yusen Kabushiki Kaisha (NYK Line) and energy firms Chubu Electric Power and Toyota Tsusho Corporation have started discussions for a joint liquefied natural gas (LNG) business.

The quartet is planning to start operations to supply LNG bunkers at the Chubu (central region) of Japan.

“LNG is expected to become an important alternative to heavy fuel oil due to its relatively low emissions of air polluting substances and greenhouse gases, which will enable ships to meet increasingly stringent international regulations on emissions,” they said in a joint statement.

“The four companies will jointly discuss specific LNG customers and supply methods in preparation for the commercialisation of LNG bunkering business.”

No firm date(s) has been announced for further developments.

Published: 29 January, 2018
 

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