India and Japan hunting for LNG Due to Tightening Supply

Nov. 16, 2006 – India and Japan are amongst the largest consumers of LNG (Liquefied Natural Gas), which are hunting the world for spot cargos and endeavoring to negotiate new supply contracts due to stiffening competition in a tightening marketplace. India, whose rapidly emerging economy is fueling energy demand, has begun to buy spot cargos of Liquefied Natural Gas to supplement contracted supplies.

In spite of booming construction plants for freezing natural gas into Liquefied Natural Gas, supply is far behind the demand for it. This is, partially, due to a decline in exports from Indonesian suppliers.

Inadequacies of capacity for converting LNG back to normal gas for consumption, plus other problems due to differing gas qualities among regions are also causing supply problems for both India and Japan. According to Keiji Takemori, who’s GM with Energy Resources Development at Osaka Gas- 2nd largest utility in Japan, “LNG market, at present, is a market of a seller”.

According to an industry expert at RNCOS, who has recently researched a report on “Future Outlook for Global LNG Market (2010)” as the prices of the petrol is rising, the demand for the LNG market is increasing and to overcome the shortage in the LNG consumption the countries are tracking for the supply of LNG.

The research report on “Future Outlook for Global LNG Market (2010)” also addresses the issues and facts that are critical to your success:

– Atlantic LNG market growing at faster pace as compare to Asia-pacific market.
– Role of Middle East is rising rapidly as LNG importer.
– Japan & Korea remains the largest importer of LNG in 2005.
– Get insight into trends in market performance.
– Pinpoint growth sectors and identify factors driving change.

The report further provides research and objective analysis on Global LNG Industry. This report helps clients to analyze the opportunities, factors critical to the success & potential markets for LNG market

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