The emerging energy axis takes shape
Liquified natural gas from Australia is central to Japanese plans to reinforce its energy security
AUSTRALIA's upstream gas remains a priority for Japanese investment as the Asian-Pacific nation takes steps to become a major LNG trading hub. This is true despite a drop in demand in Japan, and the supply glut is only making the case stronger. In recent years Japanese utilities have taken stakes in LNG-export facilities in Australia, a move that has given them access to a diverse portfolio of assets and contracts. Together, Japanese companies have contracted to buy over 42m tonnes a year of LNG. Japanese group Inpex has pioneered the largest project-financed LNG export project in history. Ichthys, with France's Total as partner, will become a central supply point for Australian LNG into Jap
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US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment






