Bloomberg are reporting that Japan is planning to sign an agreement to promote American LNG exports during US Energy Secretary Rick Perry’s visit to Tokyo, which started this week, according to people familiar with the plans.
The agreement covers Japan developing markets in Asia to sell LNG sourced from the US.
Japan is seeking to develop new outlets for gas consumption in Asia as the world’s biggest importer of LNG is seen oversupplied after committing to numerous export projects, including in the US Companies including Japan’s Jera Company have also signed deals to resell the super-chilled fuel amid demand uncertainty at home.
The US signed a deal with China last month to encourage that country’s investments and purchases of American gas.
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