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Itochu: LNG Bunkering Vessel KEYS Azalea Completes 100th LNG Bunkering Operation

· Issued by Itochu Corporation

Summary by 6ix AI

On October 21, KEYS Azalea, a vessel that supplies liquefied natural gas (LNG) fuel to other ships, completed its 100th LNG fuel supply by refuelling the bulk carrier SG Dawn, operated by NYK Line. The vessel is owned and operated by KEYS Bunkering West Japan Ltd. (KEYS).

Key details

  • KEYS shareholders are Kyushu Electric Power Co., Inc. (40%), NYK Line (40%), ITOCHU ENEX CO., LTD. (15%) and Saibu Gas Co., Ltd. (5%). KEYS is based in Kitakyushu City, Fukuoka Prefecture, Japan.
  • KEYS Azalea carried out its first ship-to-ship LNG supply in western Japan in April 2024. Ship-to-ship means fuel is delivered through a hose connected directly from the supply vessel to the receiving ship.
  • Since then it has fuelled LNG-powered vessels including car carriers, bulk carriers transporting iron ore and coal, and cruise ships.
  • KEYS estimates the reduction in CO2 emissions at approximately 75,000 tonnes, assuming all LNG supplied to date replaced heavy fuel oil on an equal-energy basis. KEYS says this equals the annual CO2 emissions of approximately 30,000 households.

6ix AI wrote this summary from the release below and checked it against the release.

LNG Bunkering Vessel KEYS Azalea Completes 100th LNG Bunkering Operation

On October 21, KEYS Azalea, an LNG bunkering vessel owned and operated by KEYS Bunkering West Japan Ltd. ("KEYS")1, completed its 100th LNG fuel supply by bunkering the bulk carrier SG Dawn, operated by NYK Line.

Since conducting its first ship-to-ship2 LNG bunkering operation in western Japan in April 2024, KEYS Azalea has supplied LNG fuel to a wide range of LNG-fueled vessels, including car carriers, bulk carriers transporting iron ore and coal, and cruise ships.

Assuming all LNG supplied to date has been used as a substitute for the heavy fuel oil (HFO) traditionally used in marine transportation, the CO₂ emissions reduction is estimated to be approximately 75,000 tonnes, based on an equivalent energy input comparison3.

KEYS will continue to provide safe and reliable LNG bunkering services and contribute to the realization of a carbon-neutral society and the development of Japan's LNG bunkering industry.

1 KEYS Bunkering West Japan Ltd.

Headquarters: Kitakyushu City, Fukuoka Prefecture, Japan

Representative: Kenichi Kawamoto

Business: Sales of LNG fuel; ownership and operation of an LNG bunkering vessel

Shareholders: Kyushu Electric Power Co., Inc. 40%; NYK Line 40%; ITOCHU ENEX CO., LTD. 15%; Saibu Gas Co., Ltd. 5%

2 Ship-to-ship

A method of supplying LNG fuel, by directly connecting a hose from the bunkering vessel to the receiving vessel.

3 Estimated CO₂ Emissions Reduction

The CO₂ emissions reduction was calculated by KEYS using the lower heating values and CO₂ emission factors for different fuels specified in IMO "Resolution MEPC.364(79)," assuming that LNG replaced HFO on an equivalent energy basis.

The CO₂ emissions reduction of approximately 75,000 tonnes is equivalent to the annual CO₂ emissions of approximately 30,000

households.

(Source: Ministry of the Environment, Japan, "FY2023 Survey on Actual Conditions of CO₂ Emissions from the Residential Sector")

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