Analysis-Rival LNG supplies, Sakhalin's depleting fields give Japan an exit from Russian gas [Yahoo! Finance]
TOKYO GAS CO LTD UNSP/ADR (TKGSY)
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tokyo-gas.co.jp/ir/english/library/earn_e.html
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Source: Yahoo! Finance
Sakhalin-2 project near expiration, rival producers see opportunity to fill the supply gap, even as Tokyo looks to switch to cleaner energy, industry insiders say. The country's declining demand for gas plus geopolitical pressure on Tokyo to curb its reliance on fuels from Russia mean Japanese buyers may not want to renew all of their contracts with a supplier long favoured for its proximity and reliability. Japan, the world's second biggest liquefied natural gas (LNG) buyer, depends on Russia for 9% of its LNG, or 6 million metric tons per year, 5 million of which come from the long-term contracts at Sakhalin-2 run by the Kremlin-controlled Gazprom. The project also has strong ties with Japanese industry, with trading giants Mitsui and Mitsubishi owning a combined 22.5% in the project. Sakhalin-2's big advantage over rivals is that it is located just a few days away from Japan by sea. By comparison, shipments from Australia, Canada and the U.S. are more than a week away. Bu
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