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You are here: Home → Archive → 2009 → Apr → 02 → Japan gas market leak will hurt shipping

Japan gas market leak will hurt shipping

by Obsidian — last modified Apr 02, 2009 01:00 AM

Two of Australia's long-term liquefied natural gas customers have confirmed plans to reduce their import volumes, putting pressure on an already over-tonnaged sector of the shipping industry.

Tokyo Gas last week joined compatriot utility Osaka Gas in announcing cutbacks, in its case over the next 12 months.

Osaka Gas said it would buy 12% less LNG (down to 6.5m tonnes) in the year beginning April 1 and...

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