Japan: Niihama LNG terminal JV formed
Tokyo Gas Engineering Solutions, a unit of Tokyo Gas, and four Japanese partners have formed a joint venture under which they will build and operate an LNG import terminal at Sumitomo Chemical’s plant in Ehime prefecture in western Japan.
The other partners are Sumitomo group members including Sumitomo Chemical and Sumitomo Joint Electric Power, as well as Shikoku Electric Power and Shikoku Gas.
The companies said in February that they have decided to build the Niihama LNG terminal that will include a 230,000 kilolitre LNG tank expected to start commercial operations in February 2022.
The project also includes the 150-megawatt Niihama gas-fired plant that is scheduled to begin operations from July in the same year.
The overall project cost is estimated at around 60 billion to 70 billion yen ($566 million to $660 million).
Tokyo Gas Engineering Solutions has a 50.1 percent stake in the JV while Shikoku Electric Power holds a 30.1 percent share, the statement said.
LNG World News Staff