Osaka Gas' president claims that it has no immediate requirement for additional US LNG.
Osaka Gas' president stated on Wednesday that the company does not need to purchase more liquefied gas from the United States as it already has enough to last until the middle of next decade.
U.S. president Donald Trump pushes energy sales to Asian allies, while threatening tariffs on trade. This is reviving Alaska LNG's stagnated LNG ambitions.
Last month, Shigeru Ishiba, the Japanese Prime Minister, and Donald Trump discussed a 20 million ton per year Alaska LNG Project, which would ship gas via a 1,300 km pipeline (800 miles) worth $44 billion and send it to Japan. South Korea, and Taiwan.
Masataka Fukuwara, President of Osaka Gas, said at a press conference that the company would not be able to purchase more LNG immediately if suddenly asked.
Fujiwara refused to comment on the Alaska LNG Project specifically citing lack of details. He said that he didn't expect to meet Alaska LNG officials when he visits Japan this week.
He said that the company purchases super-chilled fuels from Freeport LNG, located in Texas. A diversified portfolio of fuel procurement will remain an important part of their strategy.
Osaka Gas (Japan's second largest city gas supplier) signed a 15 year sales and purchase contract last month for the Ruwais Project of Abu Dhabi National Oil Company (ADNOC). (Reporting and editing by Yuka Obayashi)
(source: Reuters)
