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07 Sep 2017 | 09:31 UTC — Insight Blog
Featuring Marc Howson
Japan, South Korea and Taiwan combined consume about half of the world’s LNG supply. This explains these countries’ strong bargaining power in a buyer’s market and the critical role they will play in reshaping the way LNG is traded.
As the Asian power and gas sectors look to the disruptive and opportune dynamics of a deregulating market, Japan’s ongoing power and gas sector liberalizations could impact the region.
Japan may emerge as a forerunner towards a LNG trading hub in the region, facilitated by the Platts JKM™ LNG spot price benchmark.
Check out our infographic below on LNG and the impact of Japan's market liberalization.
Click the image to view a larger size.
Related video: LNG: JKM swap trades reach fresh record