LNG pledge to Europe raises doubts
Japan’s ill-defined promise of support may be more symbolic than practical
US and Japanese authorities suggested in February that Japan might be able to spare LNG to help Europe in the event of a reduction in Russian pipeline flows. But it may not be a practical solution, given Japan’s own needs and European capacity constraints. Japan has pledged support for the EU regarding LNG supply, but it is unclear whether anything specific was agreed. In February, Japan’s powerful Ministry of Economy, Trade and Industry (Meti) stated that “in response to a request for LNG accommodation to Europe”, “the policy of Japan [is] to cooperate as much as possible, on the premise that a stable supply to Japan will be secured”. A statement from the US ambassador to Japan, Rahm Emanue
Also in this section
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
3 March 2026
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
2 March 2026
A potential blockade of the Strait of Hormuz following the escalating US-Iran conflict risks disrupting Qatari LNG exports that underpin global gas markets, exposing Asia and other markets to sharp price spikes, cargo shortages and renewed reliance on dirtier fuels






