Long-Term Deals Help Japan Secure Ample Gas Amid Global Shortfall

November 13, 2022/in /by Rudolf Huber

Surprise, surprise – long-term deals make sure you get gas when you need it. How can that be? Well, the Japanese paid up when gas was cheap. Japan paid higher prices than most so everyone wants to sell to Japan and they want to do so no matter what the prices are. Japan has built some really solid partnerships over decades so they get LNG when nobody gets it. It’s not very cheap but it’s much cheaper than the mess we are in right now in Europe. Europe stopped being forwards looking and strategic about anything long ago. All they are concerned with is virtue signaling. No wonder it’s messed up.

Japan imports nearly all of its natural gas and, despite the worst energy crisis in many years, it isn’t facing shortages or out-of-control prices.

WSJ

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