Japan, South Korea and Taiwan combined consume about half of the world’s LNG supply. This explains these countries’ strong bargaining power in a buyer’s market and the critical role they will play in reshaping the way LNG is traded.
As the Asian power and gas sectors look to the disruptive and opportune dynamics of a deregulating market, Japan’s ongoing power and gas sector liberalizations could impact the region.
Japan may emerge as a forerunner towards a LNG trading hub in the region, facilitated by the Platts JKM™ LNG spot price benchmark.
Check out our infographic below on LNG and the impact of Japan’s market liberalization.
Related video: LNG: JKM swap trades reach fresh record
The post Infographic: LNG and Japan – the impact of market liberalization appeared first on The Barrel Blog.