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Project Insights

New LNG buyers emerge to take Japan-Korea role

New LNG importers are emerging to help export projects get off the ground – assuming the role historically held by Japanese and South Korean firms New LNG importers are emerging to help export projects get off the ground – assuming the role historically held by Japanese and South Korean firms.
By Colin Shek 26 April 2018 Asia Pacific / LNG 0 30607
The Incheon LNG terminal. (Kogas)

New LNG importers – often with the backing of national governments – are stepping up to help take prospective export projects forward, according to industry executives. In doing so, these budding importers are assuming the pivotal role that has been played by Japanese and South Korean companies in the past.

The LNG market is fragmenting, with new companies and new countries coming to the fore as importers, Andrew Walker, vice president of strategy at Cheniere, told the China LNG & Gas International Summit in Beijing on...