japan

A group of Japanese firms, including some of the largest buyers of LNG, agreed to study the production and export of hydrogen blended with carbon dioxide (CO2) in Texas and Louisiana. Mitsubishi Corp., Osaka Gas Co. Ltd., Toho Gas Co. Ltd. and Tokyo Gas Co. Ltd. have disclosed an agreement to explore a U.S.-based supply…

European natural gas prices declined on Monday, when supply concerns were eased by Gazprom PJSC, which did not reduce the supplies it’s shipping through Ukraine after warning of cuts last week. The January contract fell by 1% after Gazprom said conditions had been met to keep moving gas at current levels into Ukraine, one of…

Japan, one of the world’s leading LNG buyers, is shifting its focus on securing energy supplies to next year as its inventories have been boosted by lower demand and the market is expected to become increasingly tight as Europe continues replacing Russian natural gas imports. “Winter of 2023 is looming on many buyers’ minds, as…

Asian spot LNG prices surpassed the ICIS TTF benchmark this week for the first time since late June on rising demand in Asia and high stock levels in Europe.

Some of the largest Japanese offtakers of U.S. LNG met with federal and Alaskan officials during a summit in Japan to discuss developing an export project that could connect North Slope natural gas to a supply-short Asian market. At a summit convened in Tokyo by U.S. Ambassador to Japan Rahm Emanuel, Sen. Dan Sullivan (R-Alaska)…

Russia’s control of global oil and natural gas supplies, and particularly LNG, has progressed with ExxonMobil’s exit from the Sakhalin-1 offshore oil project. ExxonMobil disclosed exited Sakhalin-1 after Russian President Vladimir Putin signed a decree expropriating the supermajor’s 30% stake “With its two recent decrees, the Russian government unilaterally terminated our interests in Sakhalin-1, and…

Asian countries that typically buy massive volumes of LNG are moving to build contingencies for procuring expensive cargoes and reserving excess volumes as risks of colder winter weather and continued competition with Europe sustain market volatility. Asian natural gas prices have been steadily descending for more than a week, following the Dutch Title Transfer Facility…

Japan plans to restart mothballed nuclear facilities and may develop more projects, Prime Minister Kishida Fumio said Wednesday, reversing a more than decade-long policy that has increased the country’s reliance on LNG. During a press conference, Kishida said he had directed energy officials to initiate concrete plans by the end of the year to restore…

President Vladimir Putin’s latest decree to stop sales of Russian energy assets, leaves the status and progress of Russia’s liquefied natural gas (LNG) projects in disarray.  The decree takes full control of the 9.6 mmt/y Sakhalin-2 project in Russia’s far east. Shell plc has already said it plans to divest its 27.5% stake in the…