Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Natural Gas

Japan looks at boosting LNG spot market trading, creating trading hub

Agriculture | Biofuels | Grains | Energy | LNG | Natural Gas | Oil | Crude Oil | Metals | Steel | Shipping | Marine Fuels | Tankers

Market Movers Asia, Oct 14-18: US-China's partial trade deal, Mideast oil risks in focus

LNG | Natural Gas | NGL

Platts LNG Alert

Capital Markets | Commodities | Energy | LNG | Natural Gas | Natural Gas (European) | Natural Gas (North American) | Natural Gas Risk | Shipping | Leveraged Finance & High Yield | Materials | Building & Construction | Financial Services | Banking | Infrastructure | Structured Finance

LNG Conference, 19th Annual

Petrochemicals

Tariffs change caustic soda import trend in US: USITC

Japan looks at boosting LNG spot market trading, creating trading hub

Highlights

Japan's Ministry of Economy, Trade and Industry is expected to announce an action plan for the LNG market by the end of this month in a bid to boost liquidity and transparency in the spot market and to help create a trading hub in Japan, a ministry official said Wednesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The plan will be presented at the G7 energy ministers' meeting in Kyushu in May, the official added.

"Gas prices are expected to remain low for a while and we want to call for better utilization of gas and create a global market," the official said. The plan follows a study by a group comprising industry participants including Japanese power and gas utilities, oil companies and foreign energy firms and government officials.

One of the key issues discussed was the creation of a hub and infrastructure such as third party access to LNG terminals, connecting pipeline networks and building underground storage facilities, the official said.

Article Continues below...

The group also discussed possible government funding for infrastructure building, he added.

"Japan does not have to be the only hub in Asia. It is probably natural for multiple hubs to coexist, each with its own index," he said. The group also looked at pricing options including assessments by price reporting agencies and over-the-counter platforms, documents on the study obtained by Platts showed.

Also discussed were destination clauses in LNG contracts and anti-trust cases in Europe, as well as the potential use of floating storage and regasification units though safety measures against tsunamis have not been established yet, according to the documents.

--Eriko Amaha, eriko.amaha@platts.com
--Edited by E Shailaja Nair, shailaja.nair@platts.com