21JAN2019 - NEWS - Novatek PJSC of Russia looking to store LNG produced in the Arctic on Japan’s southern island of Kyushu to meet spot demand of China

Novatek PJSC of Russia is looking at storing liquefied natural gas (LNG) produced in the Arctic on Japan’s southern island of Kyushu so it can better meet spot demand from China and cut shipping costs. Saibu Gas Co., which last month signed a preliminary deal to allow Russia’s biggest LNG producer to use its storage facilities, said Wednesday it may build two additional LNG tanks and upgrade its re-exporting capability. That infrastructure would offer Novatek greater flexibility to meet Chinese and South Korean demand and cut freight costs.

Published by Editor - www.Livebunkers.com at 21-Jan-2019 05:45:40 [UTC] , contact editor at editor@livebunkers.com