Reported about 23 hours ago
As Japan's long-term contracts for liquefied natural gas (LNG) from Russia's Sakhalin-2 approach expiration, new competitive suppliers are emerging as Tokyo looks to lessen its dependence on Russian energy due to geopolitical pressures and a shift towards cleaner energy sources. With Sakhalin-2's production expected to decline, Japanese buyers are exploring alternatives from countries like the U.S., Canada, and Australia while considering the implications on energy security amid a potential LNG shortage in the early 2030s.
Source: YAHOO