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ECONOMY > Energy

Japan asks U.S., Australia for stable supply of LNG 

  • July 14, 2022
  • , Mainichi, Yomiuri, Nikkei, Sankei
  • JMH Summary

Mainichi wrote that Economy, Trade and Industry Minister Hagiuda met separately with his U.S. and Australian counterparts on the sidelines of the meeting of Quad energy ministers held in Sydney on Wednesday to ask them to increase the production of LNG and stably supply it to Japan. The paper wrote that following his meetings with U.S. Secretary of Energy Granholm and Australian Minister for Resources King, Hagiuda told reporters that his U.S. and Australian counterparts expressed understanding for Japan’s position. The paper noted that Australia’s LNG exports to Japan accounted for 35.8% of Japan’s total LNG imports in 2021, making it the largest LNG exporter to Japan, and the United States was the fourth largest exporter with exports accounting for 9.5% of Japan’s imports. The paper wrote that in light of Russian President Putin’s signing on June 30 of a decree ordering the transfer of the operations of the Sakhalin-2 oil and natural gas development project involving Japanese trading houses to a new Russian company, Japan is hoping to ensure stable supplies of LNG from the United States and Australia out of fear that it may become impossible for Japan to procure LNG from Russia, whose exports accounted for 8.8% of Japan’s imports. All other national dailies except Asahi ran similar reports. 

 

The papers also wrote that the Quad ministers agreed to cooperate on developing technology for next-generation energy resources, including hydrogen and ammonia, and promote their use but did not discuss sanctions on Russia in the energy sector. According to the papers, Hagiuda told reporters that the participants in the ministerial did not discuss their nations’ response to Russia. Mainichi speculated that the Quad ministers did not discuss Russia out of deference to India, which imports a large volume of Russian oil. 

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