Japan is set to receive its second spot cargo of liquefied natural gas from Norway via the Northern Sea Route as the world’s largest buyer of the fuel reaches further afield to secure supplies.
LNG replaced nuclear energy as Japan’s primary source of power generation after the most of the country’s atomic capacity shut after the March 2011 earthquake. It imported a record 87.3 million metric tons last year and paid 6 trillion yen ($61 billion), double the bill in 2011, according to customs data.
The Arctic Aurora, with a capacity of about 155,000 cubic meters, is scheduled to arrive Oct. 16 at the Futtsu LNG terminal owned by Tokyo Electric Power Co. (9501), according to transmissions captured by IHS Fairplay on Bloomberg. The company doesn’t comment on specific spot deals, Kaoru Suzuki, a company spokeswoman, said by phone from Tokyo.