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Japan Gets LNG Spot Cargo From Equatorial Guinea at Ohgishima

Posted on 11/26/2013

Japan, the world’s largest buyer of liquefied natural gas, received a spot cargo from Equatorial Guinea today, according to ship-tracking data.

The Gaslog Shanghai, with a capacity of 155,000 cubic meters, docked at Tokyo Electric Power Co.’s Ohgishima terminal in eastern Japan, transmissions captured by IHS Fairplay on Bloomberg show. It loaded the supercooled gas at Equatorial Guinea LNG Holdings Ltd.’s Punta Europa facility and departed Oct. 25.

The Ohgishima plant has a capacity of about 14.3 million metric tons a year, according to data compiled by Bloomberg. It receives long-term shipments from Indonesia, Malaysia, Australia, Qatar, Oman, Brunei, Abu Dhabi and Russia.

Asian LNG buyers typically import spot cargoes from December to March to meet peak heating and power demand during winter in the northern hemisphere. Tokyo Electric, known as Tepco, is seeking two shipments for delivery in February and March, two people with knowledge of the matter said yesterday.