Japan seeking to establish LNG hub by early 2020s
An LNG tanker docked in Japan. The country is looking to create an LNG trading hub. (PA)
Japan’s Ministry of Economy, Trade and Industry (METI) has called for major changes to the country’s LNG and pipeline infrastructure as part of an attempt to establish a Japanese LNG trading hub by the early 2020s.
Expanding the country’s LNG and pipeline infrastructure was one of six courses of action the ministry announced at a meeting of the G7 energy ministers earlier this month. The ministry’s plans are all aimed at increasing the flexibility of the LNG market and encouraging trading.