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Japan’s Narita Airport Buying Rare Jet Fuel Direct Import: Platts

JET FUEL
Energy BulletsHomepagemarkets-real-timeBulletCommoditiesBank of Japan (BOJ) Market News

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.

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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.

Keep reading...Show less