K Line’s VLGC Ships Ichthys LNG’s 1st LPG Cargo to Japan

K Line’s very large gas carrier Grace River has carried and discharged Ichthys LNG Project’s first LPG cargo carried to Japan, the company said.

The cargo was imported by Astomos Energy Corporation at Kyushu L.P.G. Fukushima Terminal today.

The Ichthys LNG Project, one of the largest LNG projects in the world, is expected to produce approximately 8.9 million tons of LNG and approximately 1.65 million tons of LPG per annum, along with approximately 100,000 barrels of condensate per day.

Operated by Inpex Corporation, the project is characterized as “All Japan” for its features such as  70% of approx. 8.9 million tons per year of LNG produced by the project will be supplied to Japanese customers, along with the fact that Japanese companies are major participants in crucial parts of the project’s value chain, including exploration and production, building of liquefaction plants and receiving terminals, laying pipelines, and maritime transportation.

K Line Group said it would be more involved in the shipment of LNG, LPG and condensate exported by the project.

The project’s first LNG cargo was carried by the company’s LNG carrier Pacific Breeze in October 2018, and it is planned that Aframax tankers operated by K Line’s subsidiary in Singapore will carry condensate products.