Tohoku Electric Gets LNG From Peru as Cargo Arrives at Niigata
Stock Chart for Tohoku Electric Power Co Inc (9506)
“The Peru cargo arriving at Niigata today is a spot cargo for Tohoku Electric,” Miyuki Kito, an official in the company’s corporate planning business section, said today in a phone interview.
A Tohoku Electric official didn’t respond to a call to his office number or an e-mail seeking comment.
The STX Frontier, with 153,000 cubic meters of capacity, will arrive at the Niigata terminal today after sailing from Peru LNG’s terminal at Pampa Melchorita, where it was loaded Jan. 26, according to ship transmissions captured by IHS Inc. (IHS) on Bloomberg.
Nihonkai LNG, a joint venture of Tohoku Electric, Development Bank of Japan (8301) Inc. and Niigata prefecture, runs the 16.9 million ton-a-year receiving facility, which started operations in 1984, according to data compiled by Bloomberg.
Officials from Hunt Oil, the majority shareholder and operator of the South American LNG producer, and Peru LNG didn’t respond to an e-mailed request seeking comment outside office hours.
Japan, the world’s largest buyer of LNG by volume, doesn’t have any term supply contracts with Peru, according to data compiled by Bloomberg.
LNG has replaced nuclear power as Japan’s primary fuel for power generation after the March 2011 earthquake and tsunami led the government to shut the country’s reactors. It paid 6 trillion yen ($60 billion), twice as much as the year before, for a record high 87.3 million metric tons of gas imports in 2012, according to customs data.
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