Tokyo meeting to address changing LNG landscape

Tokyo

ENERGY politics will dominate an international conference in Tokyo this week where Asia's major consuming nations, including Japan, will press for better terms from suppliers, including the reduction or elimination of the "Asia premium" which consumers are forced to pay for liquified natural gas.

Asia's energy situation is in the process of "dynamic change" in the light of the US shale gas revolution, according to Shinichi Kihara, director of the international affairs division of the Agency for Natural Resources and Energy at Japan's Ministry of Economy, Trade and Industry (Meti).

"The energy situation has changed and it requires suppliers and consumers to come together to discuss the situation," Mr Kihara told a briefing in advance of the LNG Producer-Consumer Conference 2014 to…