Japan seeks 44,000 tonnes LPG for national reserves

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

JOGMEC is seeking 44,000 tonnes of propane for the stockpiling base in Namikata in Ehime prefecture, it said in a statement. The tender will be held on June 22, 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.