Japan aims to set up LNG trading hub by early 2020s

Kitakyushu

JAPAN aims to become an international trading hub for liquefied natural gas (LNG) by the early 2020s, the world's biggest importer of the fuel announced on Monday as part of a message delivered to the energy ministers of G-7 industrial nations.

In an attempt to play a role in creating a global LNG market, Japan will open access to receiving terminal and beef up large-scale LNG storage facilities to make active LNG trading possible, the country's trade ministry said.