Japan Petroleum Exploration Co said on Friday it would build a new liquefied natural gas (LNG) receiving terminal in Hokkaido, northern Japan, for around 5-6 billion yen ($58-$70 million) to meet projected growth in winter demand, especially from the industrial sector.

The company will start construction of the terminal, which wil include
such facilities as a 3,000-kilolitres-class LNG tank in Tomakomai, in
June 2010 with completion set for the autumn of 2011. The first
domestic vessel is scheduled to arrive at the terminal in November 2011.

The move will help diversify the sources of the gas that the company
sells to local gas providers in Hokkaido. The firm’s current supply to
Hokkaido is limited to gas produced at the company’s Yufutsu gas field
in Tomakomai.

Hokkaido’s peak gas demand in winter is roughly twice that of the
summer, a company spokesman said. Although production from the Yufutsu
field has grown over the years, the company said it had decided to
build the terminal amid expectations of higher demand for clean energy
from the industrial sector.

Source: Reuters

Search to find what you want

• LNG terminal for Hokkaido

     Nippon Oil Corp will construct a terminal to store and sell liquefied natural gas in Hokkaido, northern Japan, the Asahi newspaper said without citing anyone. The company plans to build the LNG terminal in Kushiro city, the newspaper said. Construction on the facility may begin as soon as next fiscal year and cost

• DP World could face 20% fall in traffic in India

    DP World, the world’s third largest container terminal operator, may face a 20 per cent drop in container throughput this year at the five terminals that it operates in India, in tune with the trend being experienced by other major ports in the country due to the downturn. The container

• Dry Bulk Terminal expansion or transformation?

    Due to the high demand for energy and mineral resources many dry bulk terminals around the world are expanding and seriously increasing their capacity.

• Poland opens tender for the construction of the Baltic LNG terminal

     Poland Thursday announced a tender to select a company to build a liquified natural gas terminal in the Baltic Sea. State-owned Polskie LNG and Gaz System, which will operate the terminal, plan to select a contractor by mid-2010. Bids are due by the end of 2009. The terminal, slated for completion

• Pertamina seeks help for LNG terminal

    Indonesia’s state oil and gas company Pertamina is seeking a partner for a planned liquefied natural gas receiving terminal.

• Chennai second box terminal at full power in October

    The Chennai International Terminals Private Ltd (CITPL), the second private container terminal at the Chennai port, will officially start full operations from October first week, according to the Chennai Port Trust Chairman, Capt. Subhash Kumar. The terminal will help the Chennai Port, which is 88th in the global top 100 container ports,

• Japan to increase wheat imports such as rain gear Crop

    Japan, Asia’s biggest wheat importer, may increase purchases to a more than three-year high as rain cuts domestic output and lower prices help revive demand. The government is considering raising imports to more than the 4.91 million metric tons planned in March, Shirara Shiokawa, director at the grain trade division of the

• Japan to increase wheat imports such as rain gear Crop

    Japan, Asia’s biggest wheat importer, may increase purchases to a more than three-year high as rain cuts domestic output and lower prices help revive demand. The government is considering raising imports to more than the 4.91 million metric tons planned in March, Shirara Shiokawa, director at the grain trade division of the

• Ukraine wants to build Sea crude oil terminal for ore processing, together with Brazil

    Ukraine is interested in the construction of a sea terminal on its territory to process crude iron ore with the participation of Brazil, Ukrainian Prime Minister Yulia Tymoshenko has said.

• VCT cargo turnover by 20%, Q I-III 2009

    Vladivostok Container Terminal cargo turnover decreased by 20% (down to 141,515 TEUs) within 9 months 2009 as compared to the corresponding period of 2008. In September, 2009 Vladivostok container terminal box throughput amounted to 19,177 TEU (- 9.5% as compared to September 2008), stated company’s press-center. Within 9 months, 2009

• Panama to spend up to $ 430 million LNG terminal

    Panama will spend $300 million on a liquid natural gas, or LNG, terminal and $ 130 million on a gas-fired generating plant, the country’s ministry of finance said.

• NUTEP (Novorossiysk) container throughput up 20.6% to 56,605 TEUs Januar-Juli 09

    In January-July 2009, container throughput of Nodal Transporting and Forwarding Company of Novorossiysk OJSC (NUTEP) fell by 20.6%, year-on-year, to 56,605 TEUs, PortNews IAA learnt from National Container Company managing the terminal.  Container terminal in the port of Novorossiysk (Nodal Transporting and Forwarding Company of NovorossiyskOJSC (NUTEP)) strated container handling in 2004.

• Vostok JSC Bunker Oil Terminal (Primorye) expects turnover growth up to 1 million tonnes this year

    The authorities of Oil terminal Vostokbunker JSC say they expect this year a growth in volume of oil transshipment up to 1 million tons.

• FCT Throughput of St. Petersburg to 20.7% – to 76.403 TEU in January this year

    Freight turnover at the First Container Terminal (FCT, St. Petersburg) in January 2010 increased by 20.7% compared with January last year, up to 76.403 TEUs. According to the press service of National Container Company (managed by FCT), this January, its terminals transshipped 37.392 TEUs of outbound commodities and 39.11 TEUs

• 10% increase in Gulftainer volume in 2009

    Gulftainer, Sharjah-based terminal and logistics company announced throughputs at their UAE facilities, Khorfakkan Container Terminal and Sharjah Container Terminal, rose 10% to 2,750,285 in 2009. Read at 10% rise in Gulftainer volumes in 2009