Osaka Gas may buy more LNG from Russia to feed rising demand

Понедельник, 28 октября 2013 10:48 MSK

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By Jane Xie

SINGAPORE, Oct 28 (Reuters) - Osaka Gas Co, Japan's second-largest supplier of city gas, may step up imports of liquefied natural gas (LNG) from Russia to feed rising demand, a top company official said on Monday on the sidelines of a conference in Singapore.

Japan's requirement for the super-chilled fuel has skyrocketed after its Fukushima nuclear disaster and it now accounts for a third of global LNG cargoes, taking the bulk from Australia, Qatar and Malaysia. With demand continuing to rise and nuclear plants still down, companies are also looking at tapping new suppliers such as Mozambique and North America.

"Russia can be a very, very strong candidate" for securing more supplies, said Osaka Gas President Hiroshi Ozaki, in an interview at the Singapore International Energy Week.

Ozaki didn't give details on how much more LNG the company might buy from Russia. It imported 390,000 tonnes from Russia in the financial year that ended March 31, compared with 260,000 tonnes a year earlier. It has an annual contract, which started in 2008, to lift 200,000 tonnes from a project in Sakhalin.

In total, the company imports about 8 million metric tonnes of LNG a year. Its annual purchases are expected to reach 10 million tonnes by 2020.   Продолжение...