Japan’s Shizuoka Gas sells re-load LNG cargo to Shell

Japanese city gas supplier Shizuoka Gas Co said it signed a contract to sell the first re-load liquefied natural gas (LNG) cargo from its modified Shimizu LNG terminal to Singapore-based Shell Eastern Trading Co.

The company completed the installation of re-load facilities to the Shimizu terminal in April, and the first re-load cargo will be shipped to Shell Eastern on a free-on-board basis (FOB) in the first quarter of 2017, the company said.

The company said it would aim to lower LNG procurement costs by boosting trading volumes and liquidity.

Source: Hellenic Shipping News