According to recent reports, America is on track to become one of the biggest exporters of LNG, joining the ranks of Australia and Qatar in LNG shipping. Figures show that United States has approximately 70 million tons a year of LNG capacity coming online, in comparison to Australia’s 87 million and Qatar’s 82 million tons of LNG.
Japan, one of the biggest importers of LNG, recently imported its first liquefied shale gas cargo from the United States earlier this year. Sources state that Japanese Prime Minister Shinzo Abe is considering increasing energy imports from the United States, meaning that Japan can start to lessen its dependence on the Middle East for its LNG requirements.
Gavin Sutcliffe, Head of the Gastech conference programme states: “The emergence of new regasification hubs is challenging the traditional markets, and we are seeing countries like the United States making rapid strides in the sector. Despite Japan ratifying the Paris Climate Change Agreement, demand for LNG is expected to remain strong. So, we can expect to see Japan forming partnerships with other emerging LNG producers.”
The topic of ‘LNG and emerging markets’ will be focused on during the upcoming Gastech Exhibition and Conference. Taking place between the 4th and the 7th of April, the event will bring together the key players within the energy market. It will be hosted by the ten biggest energy companies in Japan, including JERA, Mitsubishi Corporation, Mitsui & Co., Tokyo Gas, INPEX Corporation and JAPEX.
The Gastech Exhibition and Conference launches in Tokyo, Japan on 4 – 7 April 2017, hosted by the Japan Gastech Consortium, ten leading companies representing the Japanese energy sector.
Gastech is the world’s leading gas and LNG event, enabling over 25,000 commercial experts and technical innovators from the up, mid and downstream sectors of the supply chain to discover business-changing insights, explore innovative solutions and build profitable business connections. The four-day multi-streamed commercial and technical conference programme features 200 speakers, 130 presentations, and hosts 2,500 international delegates. A 54,000sqm exhibition showcases 600 exhibitors, 5 show floor zones and 12 country pavilions. Gastech is supported by leading brands including Shell, Qatargas, Rasgas, Chevron, KPMG, Uniper, GE Oil & Gas and ENGIE.