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Eagleyess333

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04/07/22

22:05

Post #: 62366908
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Originally posted by lucky1973: ↑

Original post moderated

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Japan imports only 8.8 percent of LNG from Russia. The rest from Australia Qatar Malaysia and Indonesia.

Japan is looking to cut off importing LNG from Russia by the end of 2022.

Originally posted by lucky1973: ↑

@tangs,

Not again!?

July 4, 2022

The Asian nation has no choice but to buy LNG from Moscow, according to Mitsui OSK Lines
Japan will have to continue importing Russian liquefied natural gas (LNG) due to surging energy prices and limited prospects for the rebooting of nuclear plants, the Financial Times reported on Sunday, citing Japanese transportation giant Mitsui OSK Lines (MOL).
The company’s CEO, Takeshi Hashimoto, told the business daily that Japan lacks viable alternatives to Russian LNG, which it buys relatively cheaply under long-term deals, to secure its baseload power.
“We cannot use many nuclear power stations; therefore, the supply and demand balance of the power industry is quite tight,” the CEO said. “Nowadays, the spot market of both LNG and coal is quite expensive. That is one of the reasons why Japan is so reluctant to stop the LNG imports from Russia.”

Japan warned about Russian gas supply (thepressunited.com)

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