Japan has been the subject of so much LNG speculation in the past, we should tread with care when making assumptions on the Japanese market. Much of the LNG overhang washing over us today comes from misguided assumptions some years ago. But on thing is safe to say: Japan is as real as a heart attack in terms of LNG. Japanese offtake gives your project instant credibility.
Japan is projected to see its appetite for LNG decline over the coming decade. But that projection could be off, and the Japanese market will remain key for U.S. exporters no matter what.