Japan's JERA imports first LNG cargo shipped from Chevron's Wheatstone site
TOKYO (Reuters) — Japan’s JERA Co, the fuel-buying joint venture of Tokyo Electric Power and Chubu Electric Power, said it received the first LNG cargo shipped from Chevron’s Wheatstone project in Australia.
|Photo courtesy of Chevron.
The tanker “Asia Venture,” carrying about 70,000 t of LNG, arrived on Sunday at Tokyo Electric Power’s Futtsu LNG terminal in Chiba prefecture on Tokyo Bay, said a spokesman for JERA, the world’s biggest LNG buyer, on Monday.
Chevron said last month that the Wheatstone LNG project, which started production in early October, shipped its first cargo to JERA.
JERA has contracts to buy 5.2 MMtpy of LNG from the Wheatstone project.
Wheatstone has two units, which at full capacity will supply 8.9 MMmt of LNG a year to customers in Asia. After the second train starts up in 2018, JERA will receive around six LNG cargoes per month from the project, a company official said.
Reporting by Osamu Tsukimori; Editing by Christian Schmollinger
The US Energy Information Administration (EIA) reported in April that the US set records for natural gas production in 2017.
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Since market reforms first started in 1978, China has shifted from a centrally planned economy to a market-based economy, experiencing rapid economic and social development.
Russia aims to ally with Qatar in LNG competition with Australia and other LNG-exporting majors over the coming years.
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