LNG

Japanese LNG buyer, Jera Co Inc, the joint venture between Tokyo Electric Power Co. (Tepco) and Chubu Electric has unloaded the first shipment at a Tokyo Bay terminal from Chevron’s Australian Wheatstone export plant.

Japanese government figures show that spot liquefied natural gas cargo prices for Northeast Asia have risen by more than $2 per million British thermal units in the past year.

Chiyoda Corp., the Japanese energy engineering company, swung to a first-half net loss because of expected higher costs for US liquefaction and export plant work amid a continuing corporate restructuring to take advantage of its impressive book of LNG contracts around the world.

Inpex Corp., the Japanese energy company with stakes in two projects in Australia’s final phase of its 10-year LNG production build-out, reported steady earnings as the Ichthys and Prelude ventures prepared for production and it decided to move its Indonesian Abadi liquefaction development onshore.