Japan Petroleum Exploration : Signing LNG Supply Basic Agreement for 2 New LNG-Fueled Ferries on Oarai-Tomakomai Route
January 06, 2023 at 12:27 am EST
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2023.1.6
Mitsui O.S.K. Lines, Ltd.
MOL Ferry Co., Ltd.
Japan Petroleum Exploration Co., Ltd.
Hokkaido Gas Co., Ltd.
Mitsui O.S.K. Lines, Ltd. (MOL), MOL Ferry Co., Ltd. (MOL Ferry), Japan Petroleum Exploration Co., Ltd. (JAPEX) and Hokkaido Gas Co., Ltd. (Hokkaido Gas) today jointly announce that basic agreements were signed between MOL and JAPEX, and between MOL and Hokkaido Gas for supply of LNG fuel to two newbuilding LNG-fueled ferries in each port on the Oarai-Tomakomai route operated by MOL Group company MOL Ferry.
The LNG fuel supply is scheduled to start in 2025, when the ferries will enter service. JAPEX will supply LNG fuel to the ferries at the Port of Oarai in Ibaraki Prefecture, and Hokkaido Gas will supply it at the Port of Tomakomai in Hokkaido respectively through the Truck to Ship method*. The LNG supply system uses a skid that connects the vessel to four tanker trucks simultaneously. This speeds up the bunkering process, allowing the ferries to take on sufficient fuel even during their limited time in berth.
LNG fuel reduces carbon dioxide (CO2) emissions by about 25% compared to conventional fuel oil and is currently a viable measure for low-carbonization of marine fuel. The four companies will lead to promote LNG as marine fuel in Japan and contribute to reducing the environmental impact.
Note) * One of the methods of supplying LNG to vessels. LNG is supplied to an LNG-fueled vessel at berth from tank trucks parked on the wharf.
Please note that the information in the news is as of the announcement date and may be subject to change without notice.
JAPEX - Japan Petroleum Exploration Co. Ltd. published this content on 06 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2023 05:26:17 UTC.
Japan Petroleum Exploration Co., Ltd. is a company principally involved in crude oil and natural gas related business. The Company operates in four geological segments. The Japan segment involves in the exploration, development, production, purchase, sale, transportation of crude oil and natural gas, the production, purchase, sale, transportation of petroleum products, as well as contracting work of mining wells. The North America segment involves in exploration, development, production, purchase and sale of crude oil, natural gas, as well as bitumen which is super heavy oil collected from the oil sand layer in North America. The Europe segment involves in the exploration of crude oil and natural gas in Europe. The Middle East segment involves in the exploration, development and production of crude oil and natural gas in Middle East.
JAPAN PETROLEUM EXPLORATION CO., LTD. 
