If Japan decides to outlaw destination clauses, that’s just that. What can anyone do? But why would sellers agree to modify existing agreements? This is a can of worms and as a seller you face all kinds of troubles from all kinds of committees for this. I don’t blame them for shunning the explaining that comes on the heel of such a thing. I would probably shun it. Easier to dig in.
Japan’s economy ministry has once again gone public on its desire to introduce greater flexibility into the country’s long-term LNG import contracts. And it is pushing improved global supply security as a motivating factor