Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Japan may raise US LPG imports to 20% of total

11.07.2013  | 

Japanese companies including Astomos Energy Corp. are boosting LPG imports from the US to take advantage of a surge in North American shale gas production. Overseas shipments meet about 70% of Japan’s current requirement, with most of the remainder covered by domestic oil refining.

Keywords:

BY TSUYOSHI INAJIMA and YUJI OKADA
Bloomberg

TOKYO -- Japan may rely on the US for 20% of its LPG imports in 2018, up from 3.5% last year, according to an industry group.

Japan plans to buy about 3 million metric tons of the fuel from the US in 2018, Tatsuhiko Yamasaki, the chairman of the Japan LP Gas Association, told reporters in Tokyo.

The country depended on the Middle East for 85% of its 13.2 million tons of purchases last year, according to a report from the group that represents 14 members.

Japanese companies including Astomos Energy Corp. are boosting LPG imports from the US to take advantage of a surge in North American shale gas production. Overseas shipments meet about 70% of Japan’s requirement, with the remainder covered by domestic oil refining.

LPG supply from the US more than doubled in the first half of this year to 390,000 tons, data from the Finance Ministry in Tokyo show.

Japan can improve its bargaining power and reduce fuel costs by diversifying its sources of LPG supply, according to Yamasaki, who is the president of Astomos Energy, a joint venture between Idemitsu Kosan Co. and Mitsubishi Corp. The country may also increase imports from Australia, Canada and eastern Africa in the coming years, he said, declining to provide estimates.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Chris Keilberg
11.08.2013

The United States should be busily putting infrastructure into place to fully utilize gas to it's potential domestically before becoming a net exporter.

Related articles

FEATURED EVENT



Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


69%

31%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.