Government of Japan: LNG accommodation in Europe: Situation in Ukraine
Government of Japan:
At the request of the EU, Japan will support Europe.
Japan has already secured the LNG required for domestic power supply in Japan.
Japanese LNG inventory:
Domestic LNG inventory for power generation by major electric power companies is 1.67 million tons as of January 30.
Compared to the same period of the previous year, it is about 10% higher.
“Destination clause” for LNG transactions:
In LNG transactions
“Restrictions on destination clauses that cannot be resold to other countries”
Often included in contracts.
US LNG:
However, there are no resale restrictions on LNG produced in the United States.
There are also Japanese companies that do business not only for importing into Japan but also for selling to other countries.
Cooperation with the private sector is indispensable for accommodating to Europe.
Japan’s LNG import volume:
It will reach 74.5 million tons in 2020, making it the largest in the world.
Australia,
Malaysia,
The top three countries in Qatar.
It accounts for 65% of the total.
This is followed by 8% from Russia and 6% from the United States.
Koichi Hagiuda
Minister of Economy, Trade and Industry
February 4,
As the world’s largest importing country, we would like to consider it as long as it does not affect the lives of the people.
Nihon Keizai Shimbun
https://www.nikkei.com/article/DGXZQOUA090A10Z00C22A2000000/
European Energy Crisis: LNG Competition
Ukraine situation is tense:
In response to concerns over the supply of natural gas from Russia, the EU has rushed to procure LNG.
In some cases, some ships carrying LNG for Asia changed course at sea.
Financial information company
RefinitivBased on the track data, we extracted LNG carriers that changed their destinations to Europe.
Equatorial Guinea LNG Carrier:
Mid-December last year,
Greek-registered ship loaded with LNG in Equatorial Guinea,
Immediately after approaching the Cape of Good Hope, the southernmost tip of Africa
Suddenly, I made a U-turn and headed for Spain.LNG carrier in the Gulf of Mexico
A ship loaded with LNG in the Gulf of Mexico, USA
Once through the Panama Canal to the Pacific Ocean,
In some cases, he turned back and headed for England.
It can be seen that Europe was eager to procure LNG.Nihon Keizai Shimbun
https://www.nikkei.com/telling/DGXZTS00000910Y2A200C2000000
Japan to divert LNG to Europe
NHK WORLD-JAPAN News
The Japanese government
has announced that it will divert some liquefied natural gas imports to Europe.
Countries in the region
are working to secure energy supplies amid escalating tensions over Ukraine.Japanese Trade Minister,
Hagiuda Koichi told reporters thatthe idea is to offer a surplus amount of LNG to Europe after ensuring stable supplies for Japan.
The move comes at the request of the United States.
Washington and its European allies
have suggested they will hit Russia with sanctions if it invades Ukraine.Some observers say
that could prompt Russia to reduce supplies of natural gas to Europe.The region gets about 40 percent of its supply from Russia through pipelines.