Global glut turns biggest LNG buyer into seller of fuel

Tokyo

A FACILITY on Japan's Pacific coast will be ready next month to ship liquefied natural gas (LNG) abroad, as a global glut turns the world's biggest buyer into a seller of the fuel.

Shizuoka Gas Co plans to complete a reloading facility at its Sodeshi terminal in April, Hirotaka Kaneda, deputy general manager at the utility's feedstock department, said in an interview.

The company, which purchases about one million tonnes a year of LNG and distributes city gas to about 300,000 customers in a prefecture southwest of …