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Japan Set to Receive LNG Spot Cargo From Peru at Oita Terminal

Japan, the world’s largest buyer of liquefied natural gas by volume, is scheduled to receive a spot cargo from Peru tomorrow, ship-tracking data show.

The Castillo De Santisteban, with a capacity of about 174,000 cubic meters, is sailing to Oita LNG Co.’s terminal in southern Japan, according to ship transmissions captured by IHS Fairplay on Bloomberg. The ship loaded the natural gas from Peru LNG’s terminal at Pampa Melchorita and departed Nov. 20.

Oita LNG’s terminal, with capacity of almost 5 million metrics tons a year, receives supplies from Indonesia, Russia, Australia and Algeria, according to data compiled by Bloomberg.

Japan doesn’t have long-term supply contracts with Peru, Bloomberg data show. Asian LNG buyers typically import spot cargoes from December to March to meet peak heating and power demand during winter in the northern hemisphere.

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