The Japanese country is one of the largest importers of liquefied gas in the world and has a high national demand during the winter, but has “decided to cooperate” with the requests made by several countries.
Japan will send part of its liquefied natural gas reserves (LNG) to Europe to avoid a supply interruption in the region as tension between Russia and Ukraine intensifies, the Japanese government has reported.
In statements to journalists, the Japanese Minister of Commerce and Industry, Koichi Hagiuda, said that the Asian country has “decided to cooperate” with the requests made by several countries in fear of an energy crisis, despite the high national demand during the winter.
Japan is one of the largest importers of LNG in the world due to its geographical peculiarities and lack of own resources, with imports of 74.5 million tons in 2020 that came mainly from Australia, Malaysia and Qatar (65%), while barely 6% was obtained from Russia and the United States.
The archipelago has a deposit of 1.67 million tons destined for the generation of energy for private companies, according to data collected by the newspaper Nikkeifrom where the shipments would be extracted through agreements between private energy companies to overcome commercial obstacles at the public level.
Japan will make the necessary calculations to ensure sufficient supply to cover its national needs and will provide an amount not yet specified European countries that may face a supply disruption due to the Ukraine crisis at a time yet to be determined, Hagiuda explained.
Source: Eitb
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