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JET FUEL
Japan’s Narita International Airport is set for its first ever direct import of jet fuel from abroad via trading houses as part of its efforts to alleviate ongoing aviation fuel shortages, Platts said.
- The move follows shortages of jet fuel for starting flights for foreign airlines.
- The number of arriving and departing flights from Narita rose 25% on the year to 76,696 flights from Jan-May.
- The amount of jet fuel supplied to Narita from Jan-May was up 14% on the year.
- Narita typically receives jet fuel from nearly Chiba port via pipeline and stores it at two refuelling terminals with a storage capacity of 1.21m bbl.
- The move by Narita could tighten the jet fuel market in Asia should it seek further supplies from neighbouring countries such as China and South Korea.
- Nonetheless, the region’s jet fuel market remains well supplied.
Source: S&P Global Commodity Insights
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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