Japan Looks To Buddy Up to Allies for LNG Supply Post-2030

With Japan looking to steer clear of risky energy tie-ups with neighboring Russia, its allies could help to fill the country’s LNG needs for 2030 and beyond. Since Russia found itself on the wrong end of Western sanctions, Japan has been looking to wind down its exposure to Russian LNG. In December, Japan’s Mitsui and Co decided to pull its employees out of Russia’s Arctic LNG 2 LNG project, and sanctions prompted Novatek to declare a force majeure over LNG supplies from the project. But Mitsui and its JV with Japan’s JOGMEC…