Japan’s Tokyo Gas to add LNG carrier in 2026

Spanish Market: Freight, Natural gas
05/03/24

Japanese gas utility Tokyo Gas' wholly-owned subsidiary Tokyo LNG Tanker has signed a long-term charter agreement with domestic shipping firm Mitsui OSK Line (Mol) to operate a new LNG carrier.

South Korean shipbuilder Hanwha Ocean will build the 174,000m³ membrane-type vessel at its Geoje shipyard, and it will be delivered in 2026. The ship is equipped with German manufacturer MAN Energy Solutions' latest engine, which is designed to use boil-off gas in addition to conventional fuel oil, to improve fuel efficiency and reduce greenhouse gas emissions.

The vessel will be Tokyo LNG Tanker's 11th LNG carrier under long-term charter agreements. Tokyo Gas intends to secure the up-to-date high-performance ship to boost trading volumes and to import LNG.

Tokyo Gas has set a goal to achieve 20mn t of natural gas handling by the April 2030-March 2031 fiscal year, including 5mn t of LNG trading. But it also withdrew from four of its Australian LNG projects in 2022 by selling its entire stake to US energy investment firm EIG. Tokyo Gas said there would be no impact on its LNG procurements following the sale of its LNG assets, as the company can maintain continuing term contracts with those divested LNG projects.

By Nanami Oki

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10/01/25

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Venezuela opposition leader held, Gonzalez warned

09/01/25

Venezuela opposition leader held, Gonzalez warned

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Mexico inflation ends 2024 near 4-year low

09/01/25

Mexico inflation ends 2024 near 4-year low

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Denmark invites applications for CO2 storage permits

09/01/25

Denmark invites applications for CO2 storage permits

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CHS grows STL capacity with new terminal deal

08/01/25

CHS grows STL capacity with new terminal deal

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