Israel- Iran Conflict Will Not Affect Tokyo Gas LNG Purchases

The Japanese key gas player, Tokyo Gas, ruled out that the Israel-Iran war will directly affect its liquefied natural gas (LNG) purchases as it gets its LNG neither from the UAE nor Qatar, the company’s CEO Nobuhiro Sugesawa said.

Meanwhile, Reuters report suggested that the company would increase its purchases from the US, from which it secures 10% of its supply.

Tokyo Gas is looking at the developments of the situation with utmost interest, he said, noting that the conflict could push up the LNG prices, disrupting the global supply.

Tokyo Gas Co., Ltd. is Japan’s largest city gas utility, delivering natural gas and energy services to over 12 million customers across Tokyo and the surrounding regions.

Source: https://energynewsafrica.com