As all of the country’s fifty nuclear reactors remain offline, companies have been looking for other energy sources, which includes liquefied natural gas (LNG). But with the increasing demand, LNG distributors may have to look for more sources. In the case of Osaka Gas Co., besides its other regular suppliers, it is eyeing to import more LNG from Russia.
During the sidelines at a conference on Monday for the Singapore International Energy Week, Osaka Gas Co. President Hiroshi Ozaki said that “Russia can be a very, very strong candidate” when it comes to securing more LNG supplies. Osaka Gas imported 390,000 tons from Russia for the financial year through the end of March, compared to the financial year before, when it imported 260,000 tons.
Osaka Gas’ annual contract with Russia, its fourth LNG supplier, began in 2008, but Ozaki made no mention of how much additional tons will Osaka Gas import from Russia the next time. Ahead of Russia, Osaka Gas is importing LNG from Australia, Qatar, and Malaysia.
Mozambique was also mentioned as a potential source for LNG, but Ozaki believes it may take at least a decade before Osaka Gas Co., Japan’s second largest LNG distributor, realize import plans with the southeastern African country. “It’s a bit far-horizon business,” Ozaki said while recognizing that the coastal country’s potential is very huge. “Mozambique is not a gas exporting country yet so they need some new infrastructure,” he added.
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