Global LNG buyers, sellers meet as Japan probes clauses

TOKYO: A new Japanese regulatory probe into sales restrictions for liquefied natural gas (LNG) contracts will be at the forefront of discussion as the industry’s biggest buyers and sellers gather in Tokyo this week.

Representatives from major LNG producers Qatar, Australia and Malaysia will meet with buyers from companies including Japan’s Jera Co, the world’s biggest buyer of the fuel, and Taiwan’s CPC Corp to find ways to address a market where demand is only about 76 percent of supply, Thomson Reuters Eikon data shows. The overhang is leading the industry to question everything from how the fuel is priced to how it is sold.