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Japan’s Utilities Call for Increased Strategic Buffer: Reuters

LNG

Japan’s power utilities called for an increase in the strategic LNG buffer (SBL) Dec. 1 , as geopolitical risks continue to stoke concerns of supply disruptions, Reuters reported.

  • Japan has introduced the SBL scheme in the winter of 23/24 to cover any shortfalls during a supply squeeze. As part of the scheme, JERA will secure one cargo of 70k mt each month from Dec-Feb.
  • Kazuhiro Ikebe, Chairman of Japan’s federation of electric utilities told a meeting that Japan should consider boosting volumes further.
  • "Considering Japan's total LNG imports volume, the impact of a major supply disruption would be significant," he said. "So, public and private sectors should work together on further initiatives, including increasing the amount of the SBL."
  • JERA President Hisahide Okuda also called for additional discussions on the SBL.
  • LNG inventories among Japanese utilities are 2.33m mt as of Nov. 26, above the five-year average.
Energy BulletsPower BulletsBank of Japan (BOJ) Market NewsCommodities
Energy BulletsPower BulletsBank of Japan (BOJ) Market NewsCommodities

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