LNG

Osaka Gas, the Japanese utility and one of its longest-standing LNG buyers with three import terminals, plans to increase its resale of cargoes to third parties as it receives additional cargoes from the Ichthys LNG plant in Australia’s Northern Territory and the Freeport LNG plant in Texas.

Oct 19 (LNGJ) - Osaka Gas, a key Japanese LNG importer and city-gas company, said sales volumes for the first half of the current fiscal year amounted to 3.96 billion cubic metres of natural gas, the equivalent of 2.93 million tonnes of LNG, a rise of 6.1 percent compared with last year. The utility, which imports cargoes from countries such as Australia and Qatar, said a jump of 11.9 percent in sales to the industrial sector helped offset a fall in residential sales of 3.6 percent. Osaka Gas operates two world-class LNG receiving terminals, the Himeji facility with eight LNG tanks and storage capacity of 740,000 cubic metres and the Senboku terminal with 20 storage tanks and total capacity of 1.8 million cubic metres.