Oita LNG to Receive Spot Cargo From Peru at Oita Terminal

Japan’s Oita LNG Co. is scheduled to receive a spot cargo of liquefied natural gas from Peru today, according to ship-tracking data.

The Valencia Knutsen, with a capacity of 173,400 cubic meters, is set to arrive at Oita LNG’s terminal in southern Japan, according to ship transmissions captured by IHS Fairplay on Bloomberg. The ship sailed from Peru LNG’s terminal at Pampa Melchorita, where it loaded the supercooled natural gas and departed April 16.

Oita LNG’s 4.99 million metric ton-a-year terminal started in 1990, and receives long-term LNG supplies from Indonesia, Russia, Australia and Algeria, according to data compiled by Bloomberg.

An Oita company official didn’t respond to an e-mail seeking comment. Officials from Peru LNG in Lima and Dallas- based Hunt Oil Co., the majority shareholder and operator of the South American producer, didn’t respond to e-mailed requests seeking comment outside office hours.

Japan, the world’s largest buyer of LNG by volume, doesn’t have long-term supply contracts with Peru, according to data compiled by Bloomberg.

LNG has replaced nuclear power as the nation’s primary fuel for power generation since the March 2011 earthquake and tsunami led the government to shut the country’s reactors. Japan imported a record 87.3 million tons of gas in 2012 and paid 6 trillion yen ($60.6 billion), twice as much as the year before, according to customs data.

To contact the reporter on this story: Chou Hui Hong in Singapore at chong43@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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