Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • Dick Young’s Safe America
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Retirement Compounders®
  • Free Email Signup

Is LNG the New Strategic Asset?

December 5, 2022 By Young Research

By VladSV @ Shutterstock.com

The war in Ukraine has given rise to massive new demand for LNG by European countries seeking to replace Russian imports of natural gas. The world has been witness to LNG becoming what appears to be a new strategic asset. Japan, a country that relies heavily on LNG, is considering building its own LNG strategic reserve. Bloomberg’s Shoko Oda and Tsuyoshi Inajima report:

Japan is considering setting up a strategic reserve of liquefied natural gas, as the imports-dependent nation ramps up efforts to make sure it has enough of the fuel amid intensifying competition.

The government will propose a plan to secure a so-called “strategic buffer LNG,” with authorities supporting local companies to buy excess supply for energy security, according to a government document that outlines the proposal and seeks feedback.

Proposals come as Europe looks for alternatives to Russian gas and as many nations step up efforts to secure supplies of the fuel, used for electricity generation and heat. Germany recently signed a long-term deal with Qatar, which had been a major source of Japan’s imports.

Under the framework, Japanese firms that trade LNG will secure gas through term contracts, and will normally sell it locally and overseas. However, in times of emergency, the trade ministry will order the strategic reserve to be sold to domestic firms.

Sellers will receive financial support for loss-making sales from a fund that will be set up within Japan Organization for Metals and Energy Security, a state-owned institution. In the event the seller makes a profit from the sale, it will return the money back to JOGMEC, according to the proposals.

A Japan trade ministry official wasn’t immediately available for comment. The government is seeking public comment on the proposals from Nov. 24 to Dec. 24 this year.

Read more here.

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • America Is Now the World’s LNG Superpower
  • Where’s All the Natural Gas Going to Come From?
  • The World Doesn’t Have Enough LNG Export Capacity to Keep Europe Warm
  • Author
  • Recent Posts
Young Research
Latest posts by Young Research (see all)
  • Happy Memorial Day! - May 29, 2023
  • While America Cuts Out Coal, China Digs Faster - April 13, 2023
  • Happy Easter! - April 7, 2023

Search Young Research

Most Popular

  • Your Survival Guy Felt Like a U.N. Worker in Rome
  • The Mania in AI Stocks Has Arrived
  • Money Market Assets Hit Record High: $5.4 Trillion
  • Your Survival Guy in Rome 30-Years A.B. (After Babson)
  • The Future of the American City is This…
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • A Three-Week International Research Trip to Paris via Rome
  • Is an Investment Property Disaster Looming?
  • Letter to the Federal Reserve Chairman from Your Survival Guy
  • The Power of a Compound Interest Table

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

The Importance of a Balanced Portfolio

Invest with Peace of Mind and Comfort

What Kind of Life Are You Investing For?

RSS The Latest at Richardcyoung.com

  • Rewarding Loyalty with Ridicule
  • Rome, Paris, U.S.A.: Global Crisis in Confidence
  • June Is Retirement Compounders Month
  • Americans Scared of CBDC Control of Their Money
  • Your Survival Guy’s Best Insider’s Guide to Rome
  • Auto Profitability Colliding with Low Emissions
  • Birth Rates in France Worst Since Post-WWII Era
  • What Binds the Woke Left Together?
  • Joel Salatin and Alfie Oakes, America’s Food Kings
  • The Party Is Going Off the Rails

RSS The Latest at Yoursurvivalguy.com

  • Rome, Paris, U.S.A.: Global Crisis in Confidence
  • Your Survival Guy’s Best Insider’s Guide to Rome
  • What Is a Fiduciary Duty? Are You Working with a Fiduciary?
  • Survive and Thrive June 2023: Your Survival Guy in Rome 30-Years A.B. (After Babson)
  • Birth Rates in France Worst Since Post-WWII Era
  • Your Survival Guy Felt Like a U.N. Worker in Rome
  • Social Security: Declining Italy Needs a Bambino Boom
  • ATTACK ON THE IVAN KHURS: Unmanned Vessels Changing Naval Warfare
  • The Future of the American City is This…
  • Happy Memorial Day: Your Survival Guy: Proud To Be an American

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Copyright © 2023 | Terms & Conditions

 

Loading Comments...
 

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.