Tokyo Gas has come out strongly in favour of LNG pricing structures that will take the sting out of oil market spikes for Japan’s gas-hungry utilities.
Hiroshi Kondo, the Japanese buyer’s vice president for LNG in Europe, said new government energy policies are likely to lead to more demand for the fuel as an alternative to nuclear power.
However, he echoed growing concerns about the strain of LNG costs on utilities’ balance sheets after last year’s earthquake and subsequent shutdown of nuclear power plants across the country.
“Reducing
