Latest news with #NobuhiroSugesawa
CNA
8 hours ago
- Business
- CNA
Tokyo Gas expects no direct impact on LNG buying from Iran-Israel conflict
TOKYO :Japan's biggest city-gas supplier, Tokyo Gas, sees no direct impact on its liquefied natural gas (LNG) procurement from the Iran-Israel conflict, a company executive said on Wednesday. "Since we don't import LNG from Qatar or UAE, our LNG procurement is not directly affected at this time," Nobuhiro Sugesawa, senior managing executive officer, told Reuters on the sidelines of the Japan Energy Summit conference. "But we are monitoring the situation with the utmost interest," he said, noting that escalating tensions in the Middle East could drive up LNG prices and disrupt global supply. The Iran-Israel air war entered a sixth day on Wednesday with concerns the conflict could widen as U.S. President Donald Trump on Tuesday called for Iran's "unconditional surrender", despite the U.S. not being actively involved in the fighting. Sugesawa said the utility may boost procurement from the United States, which currently accounts for about 10 per cent of its total supply, as it is viewed as an attractive source of supply. JERA, Japan's biggest power generator, last week announced that it had agreed to source U.S. LNG from four different providers. Regarding the Alaska LNG project, Sugesawa said Tokyo Gas is interested, noting its historical significance as the company's first-ever LNG imports came from Alaska more than 50 years ago. However, he added that the company would need to assess specific conditions, including economic feasibility, before moving forward. The company mainly buys LNG from Australia, along with Malaysia and Russia.
CNA
9 hours ago
- Business
- CNA
Tokyo Gas executive: no impact expected on LNG buying from Iran-Israel conflict
TOKYO :Japan's biggest city-gas supplier Tokyo Gas expects no direct impact on its liquefied natural gas (LNG) procurement from the Iran-Israel conflict, but its is closely monitoring developments as it could influence oil-linked and spot LNG prices, a company executive said on Wednesday. The Japanese utility may increase U.S. LNG procurement as it is seen as an attractive supply source, Nobuhiro Sugesawa, senior managing executive officer, told Reuters on the sidelines of the Japan Energy Summit conference.
Reuters
9 hours ago
- Business
- Reuters
Tokyo Gas executive: no impact expected on LNG buying from Iran-Israel conflict
TOKYO, June 18 (Reuters) - Japan's biggest city-gas supplier Tokyo Gas (9531.T), opens new tab expects no direct impact on its liquefied natural gas (LNG) procurement from the Iran-Israel conflict, but its is closely monitoring developments as it could influence oil-linked and spot LNG prices, a company executive said on Wednesday. The Japanese utility may increase U.S. LNG procurement as it is seen as an attractive supply source, Nobuhiro Sugesawa, senior managing executive officer, told Reuters on the sidelines of the Japan Energy Summit conference.
