Inpex to build $900 mln LNG import terminal
Normal 0 21 false false false MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Normál táblázat"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Inpex Holdings Inc, Japan’s biggest oil and gas explorer, said on Monday it has decided to build a liquefied natural gas import terminal in northwestern Japan for about ¥100 billion ($908.1 million) to meet robust growth in LNG demand.
Inpex first announced its plan to build two 180,000-kiloliter LNG storage tanks at a port in Joetsu, Niigata prefecture, in August 2007. A company executive said at the time the investment would not exceed ¥100 billion. Inpex now aims to begin operations at the new LNG terminal in 2014, compared with initial plans for the end of 2013. Inpex supplies domestically produced natural gas to its clients via a pipeline, and the terminal would help boost supply capacity.
Japan is the world’s top consumer of LNG -- natural gas cooled to liquid form for transport on tankers, and demand for the environment-friendly fuel is growing rapidly at a time of high crude oil prices. (Reuters)
ADVERTISEMENT
ÁKK Cutting Premiums on PMÁP
Parl't Approves Amendments to Legislation on Judiciary
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
