In­dia seeks Ja­pan’s help to build LNG fa­cil­i­ties

Chemical Industry Digest - - News & Views -

In­dia

asked Ja­pan to help build in­fra­struc­ture needed to boost the us­age of liq­ue­fied nat­u­ral gas (LNG) in In­dia and else­where in Asia.

In­dia wants to in­crease the share of gas, which is a cleaner fuel than oil, to 15% of its en­ergy us­age by 2030 from 6.2% cur­rently. The two min­is­ters also dis­cussed the pos­si­bil­ity of de­vel­op­ing joint en­ergy projects in Africa.

The world’s big­gest LNG buy­ers, all in Asia, are in­creas­ingly club­bing to­gether to se­cure more flex­i­ble sup­ply con­tracts in a move that shifts power to im­porters from pro­duc­ers in an over­sup­plied mar­ket. The world’s three big­gest LNG buy­ers - China, Ja­pan and South Korea - joined to­gether last year in March to se­cure flex­i­ble sup­ply con­tracts. How­ever, in Oc­to­ber the In­dian cab­i­net ap­proved a plan al­low­ing New Delhi to work with Ja­pan to make long-term LNG im­port deals more af­ford­able for its con­sumers.

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