Russian LNG to lose Japanese market?
Edited by Rhod Mackenzie / 2013-07-25 02:26:10
Russian companies, which consider Japan as a perspective gas sales market, are likely to have to update their plans. This country that buys a third of the world's volume of LNG, may significantly decrease the demand after the resumption of the work of atomic power plants, stopped in 2011 after the accident in Fukushima-1. In June, only 2 blocks of 50 were launched, but LNG purchases in Japan have fallen by 3% already; the restart of ten more reactor tanks will be discussed in Tokyo in September. If the solution is positive, the fall of LNG demand may be up to 10% on the results of the year, Kommersant writes.