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Japan, a key importer of liquefied pure gasoline (LNG), will take into account methods it might probably assist the worldwide group within the occasion of the Ukraine disaster disrupting provides, Business Minister Koichi Hagiuda mentioned on Friday.
He declined to substantiate media stories that the US had requested Japan if it may divert a few of its LNG imports to Europe if Russia had been to chop provides, saying: “We will not touch upon our diplomatic alternate.”
However Hagiuda advised a information convention Japan had been a “driving drive within the improvement of the LNG market” for years, including: “We wish to take into account how we are able to contribute to the worldwide group.”
However he additionally mentioned Japan, a resource-poor nation, would first wanted to safe ample power to keep away from any scarcity in electrical energy as extra chilly climate was forecast. “We are going to see if there’s something that may be executed after guaranteeing that the individuals’s lives will not be affected,” he mentioned.
Fears of provide reduce
The Ukraine state of affairs had a major affect on the steady provide of power to Japan, so Japan would carefully monitor the state of affairs, he mentioned. Russia and the West have been at loggerheads over Ukraine, fanning fears that power provides to Europe may very well be disrupted.
Final week, the US, the world’s high producer of pure gasoline, requested Qatar and different main power producers to look at whether or not they may provide Europe if flows from Russia had been disrupted because of the Ukraine disaster.
A supply advised Reuters final week that Qatar would want US assist persuading its consumers to divert gasoline to Europe, the place some 30-40 per cent of gasoline wants are met by Russia.
Jiji information company reported on Thursday that the US authorities requested Japan if it may divert some LNG to Europe within the occasion of any disruption in gasoline provide from Russia to Europe and that Japan was contemplating such measures.
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February 04, 2022
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