February 10, 2025 19:11 GMT
LNG: Japan to Consider Alaskan LNG: Platts
LNG
Japan is considering importing US LNG, including from Alaska, if it proves economical compared to other sources, Platts said.
- A Japanese government source highlighted the competitive shipping time of around eight days from Alaska. However, the feasibility of this depends on development conditions, which have historically been challenging.
- US President Donald Trump announced talks with Japan about an Alaskan pipeline and expanding Japan's US LNG imports.
- Japan imported 6.34 million mt of US LNG in 2024, comprising 9.6% of its total LNG imports.
- JERA, Japan's largest power generation company, plans to diversify its LNG supply portfolio.
- The 20m mtpa Alaska LNG project aims to link North Slope supplies to an export terminal in southern Alaska through an 800km pipeline, providing a shorter route to Asia compared to Mexico or the USGC.
- The project faces challenges, including high costs and securing customers. Political support and market participation from Japan and other Asian markets are crucial for its success, Platts added.
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