Japan Considers Quadrupling LNG Buying for Emergencies

Japan is discussing quadrupling LNG purchases for its emergency reserves as part of a plan to boost energy security, a senior official at Japan’s industry ministry has told Reuters. “From the mid- to late-2020s, we will try to secure at least one cargo per month throughout a year - that is, at least 12 cargoes per year,” Yuya Hasegawa, director of the energy resources development division at the Ministry of Economy, Trade and Industry (METI), told Reuters. Currently, Japan buys on average three cargoes of LNG per year for its…