Japan seeks some 42,000 tonnes LPG for national reserves

TOKYO: State-run Japan Oil, Gas and Metals National Corp (JOGMEC) issued a tender on Wednesday to buy liquefied petroleum gas (LPG) to store in its national reserves.

JOGMEC is seeking 42,100-42,600 tonnes of propane for the stockpiling base in Namikata in Ehime prefecture, it said in a statement. The tender will open on Feb. 12, with offers to be evaluated the same day.

Japan, which has five national LPG stockpiling bases with a total capacity of 1.5 million tonnes, plans to increase stockpiles to full capacity by the end of March 2018.