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Tokyo Gas Orders World's Largest LNG Tanker
 

Tokyo, Nov 9, 2007 (Jiji Press) - Tokyo Gas Co. <9531> said it has signed a contract with Kawasaki Shipbuilding Corp. for the world's largest liquefied natural gas transport vessel.

The ship, the eighth LNG tanker of Toko LNG Tanker Co., a wholly owned subsidiary of Tokyo Gas, will be equipped with four spherical tanks with a total capacity of 177,000 cubic meters, the world's largest. Improved turbines will make it 15 pct more fuel-efficient than similar tankers, Tokyo Gas said.

With the new LNG tanker's addition to the subsidiary's fleet, Tokyo Gas intends to reduce transportation costs and improve purchasing flexibility, the company said.

Tokyo Gas will jointly own the new vessel with Nippon Yusen K.K. <9101> with a stake of 10 pct to be held by itself and 90 pct by the major shipping company. Tokyo Gas will have exclusive rights to use the vessel for 20 years.

Construction of the tanker will start in fiscal 2009. It will be completed in fiscal 2011.

By using the new ship, the company plans to transport LNG from a number of countries, including Australia, Malaysia and Russia.

By Jiji Press, (c) Jiji Press

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