LNG

Jan 26 (LNGJ) - Four Japanese companies have begun joint discussions on the commercialization of a new business to supply LNG as a marine fuel for ships in the Chubu region of Japan. The companies are Japanese shipping line Kawasaki Kisen Kaisha, known as K-Line, the utility Chubu Electric Power, trading company Toyota Tsusho Corp. and Japanese shipbuilder Nippon Yusen Kabushiki Kaisha. “LNG is expected to become an important alternative to heavy fuel oil due to its relatively low emissions of air-polluting substances and greenhouse gases, which will enable ships to meet increasingly stringent international regulations on emissions,” the four companies said in a statement.