February 05, 2025 15:55 GMT
NATGAS: Ishiba Plans To Discuss Increasing US LNG Imports With Trump
NATGAS
Japanese Prime Minister Shigeru Ishiba plans to discuss increasing LNG imports from the US during his first face-to-face meeting with US President Donald Trump scheduled for Friday, Azernews reports.
- Ishiba’s proposal to expand LNG purchases is aimed at bolstering Japan’s energy security, with Tokyo seeking alternative suppliers as it currently relies heavily on Australia.
- American LNG is approximately 10% cheaper than Australian LNG, but its delivery takes over a month, which could potentially impact Japan’s energy supply timelines.
- Increasing US LNG imports will ultimately depend on negotiations between private companies.
- A JERA executive said last week that Japan’s energy security will benefit from Trump’s push to increase LNG production, allowing for diversification of suppliers. Other industry sources have also voiced support for more US LNG imports.
- Japan is also weighing offering support for the $44bn Alaska LNG pipeline to avoid potential trade friction with Trump, according to Reuters reports.
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