Lower oil slows LNG pricing evolution: Mitsui
With Brent in its current range, a major seller to Asian buyers questions the current appetite to move away from the oil link
Japanese conglomerate Mitsui is unconvinced that there is significant current clamour from Asian LNG buyers to move away from oil indexation with oil prices seemingly largely rangebound. Eiji Yanagawa, president at Mitsui & Co Energy Market Services, shared his views on the current state of the LNG market with Petroleum Economist at September’s Gastech conference in Houston. How do you see Mitsui’s role in the LNG market generally? Yanagawa: Traditionally, Mitsui is a Japanese-based company. Our main role has been to price LNG to Japanese and Asian buyers. Also, we have a good access to financing–especially Japanese governmental financing—so we can contribute to LNG project developm
Also in this section
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
