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NYK exploring LNG bunkering business


NYK has signed a memorandum of understanding with Kyushu Electric Power Co., Saibu Gas Co. and The Chugoku Electric Power Co. for joint discussions on the commercialisation of a new business to supply liquefied natural gas (LNG) as a marine fuel to ships in the Setouchi and Kyushu areas of western Japan.


The demand for LNG as a marine fuel, a practical alternative to heavy fuel oil because of its relatively low emission of air polluting substances and greenhouse gases, is expected to increase after a global 0.5 per cent sulphur cap is introduced in 2020. Therefore, NYK and the three companies have decided to examine the commercialisation of an LNG bunkering business, said a release.


Source : Exim News Service - Tokyo, Aug. 9


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