The LNG Benue, with a capacity of about 143,000 cubic meters, is sailing to Joetsu and scheduled to arrive tomorrow, transmissions captured by IHS Fairplay on Bloomberg show. It loaded the supercooled gas at Nigeria LNG Ltd.’s Bonny Island facility and departed Nov. 25.
The Chubu-owned terminal at Joetsu has an annual capacity of 2.37 million metric tons, and receives term shipments from Indonesia, Malaysia, Australia, Qatar and Russia, data compiled by Bloomberg show. Chubu is Japan’s third-largest power utility and has 10.5 million customers.
Asian LNG buyers typically import spot cargoes from December to March to meet peak heating and power demand during the coldest months. Japan, the world’s largest buyer of LNG, will start winter with none of its 50 nuclear reactors operating as they await safety reviews. Kansai Electric Power Co. started maintenance at its Ohi No. 3 reactor on Sept. 2 and shut its Ohi No. 4 unit on Sept. 15, leaving the country without atomic power for the first time since July 2012.
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