Japan’s government to buy LNG if utilities hit hurdles

Cabinet approves plan to allow Jogmec to purchase volumes amid market uncertainty and sky-high prices

Imports: a liquefied natural gas tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan. — Imports: a liquefied natural gas tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan.Photo: REUTERS/SCANPIX

Amanda Battersby

London

Published 17 October 2022, 11:34Updated 19 October 2022, 12:44

Japan Mitsubishi Tohoku Electric Power Petronas Asia & Oceania