Skip to main content

Japan aiming to become an LNG trading hub by the early 2020s

Published by
LNG Industry,


According to Reuters, Japan is aiming to establish itself as an international trading hub for LNG by the early 2020s. The trade ministry of Japan reportedly said that Japan will open access to receiving terminals and increase large-scale LNG storage facilities in an effort to help create a global LNG market.

The announcement follows a meeting between the energy ministers of G7 countries. Reuters reports that, at the end of the meeting, a joint statement was made by the ministers encouraging the creation of LNG trading hubs to improve both market liquidity and transparency. The statement read: “Relaxing destination clauses in LNG contracts, encouraging market development of price indices reflecting LNG supply and demand, and continued dialogue among stakeholders are crucial to achieve this.”

Edited from various sources by David Rowlands

Read the article online at: https://www.lngindustry.com/regasification/03052016/japan-aiming-to-become-an-lng-trading-hub-by-the-early-2020s-2384/

You might also like

 Webinar

[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »

 
 
 

Embed article link: (copy the HTML code below):