Tokyo Gas Looking to Swap U.S. LNG Supplies with Europe
Posted on Aug 1, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Tokyo Gas Looking to Swap U.S. LNG Supplies with Europe
Bloomberg reports that to reduce shipping times and costs, Tokyo Gas is in talks with unnamed European companies to swap Tokyo Gas’s LNG supplies to be produced at Dominion Cove Point LNG’s terminal in Lusby, Md. with European companies’ LNG supplies produced in Asia. According to the report, Japan is seeking flexibility in its LNG supply contracts, since it is “among countries forecast to have an LNG oversupply in the coming years, transforming some of the world’s biggest buyers of the fuel into sellers.”