Saibu Gas will build a large-scale liquefied natural gas (LNG) receiving terminal in Kitakyushu, western Japan, to pursue projected growth in demand from the industrial sector.
The 70bn yen ($757m) receiving terminal will feature two 180,000-kl-class LNG tanks, a gasification facility and a berth for receiving big overseas LNG vessels, according to Reuters.
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Kyushu Electric Power will hold a 10% stake in a firm that will build and operate the terminal with Saibu owning the remaining stake.
Work on the project is expected to begin in June 2010 and the terminal is due to come onstream in November 2014.
