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Tepco Gets Japan’s First LNG Spot Cargo From Angola at Futtsu

Tokyo Electric Power Co. (9501), the world’s largest power utility serving 29 million people in the Tokyo area, received Japan’s first spot cargo of liquefied natural gas from Angola, ship-tracking data show.

The Lobito, with a capacity of about 155,000 cubic meters, docked at Futtsu terminal today in Tokyo Bay, according to transmissions captured by IHS Fairplay on Bloomberg. It was scheduled to arrive yesterday.

The ship loaded the supercooled gas at Angola LNG’s terminal in Soyo and departed Aug. 11, the data show.

Japan, the world’s largest buyer of LNG, doesn’t have any long-term contracts with Angola, according to data compiled by Bloomberg. The Tepco-owned Futtsu terminal has a capacity of 20.2 million metric tons a year and receives term shipments from Indonesia, Malaysia, Qatar, Australia, Oman, Abu Dhabi, Brunei and Russia, the data show.

The Lobito’s shipment is the third cargo produced by the Chevron Corp.-led Angola LNG plant, which started in June. The project’s first and second cargoes were delivered to Brazil and China.

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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