• Natural Gas News

    Japan to support local production of LNG tanks

Summary

The government support will include a subsidy covering 50% of the cost of boosting production capabilities.

by: Shardul Sharma

Posted in:

Complimentary, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Security of Supply, Corporate, Political, Gas for Transport, News By Country, Japan

Japan to support local production of LNG tanks

The Japanese government has announced a plan to support the domestic production of fuel tanks for ships powered by LNG, state-run NHK reported on December 14.

At present, most such tanks are imported. The government support will include a subsidy covering 50% of the cost of boosting production capabilities, the media outlet reported. The government is also planning to study whether it is possible to standardise the shape and materials of the tanks to streamline mass production.

Japan's three biggest shipping companies are planning to introduce around 170 LNG-powered vessels between them by 2030, NHK added.