Japan Has Enough LNG to Avoid Summer Power Shortages

Japan’s biggest buyer of liquefied gas has told media it has secured enough supplies until October and there is no risk of summer shortages during peak air-conditioning demand, Channel News Asia has reported.

“We have secured sufficient LNG stocks for the peak summer demand season from August to October, and there are no issues regarding stable power supply,” a company executive said.

He added that JERA has significantly reduced its purchases of LNG from Qatar and will ensure adequate supply for the winter season through its global…