Resource-scarce Japan is shoring up long-term supplies of liquefied natural gas from close allies Australia and the United States as key contracts from providers including Russia are set to expire by the early 2030s.
Â鶹´«Ã½ biggest power generator JERA last month agreed to buy a 15.1% stake in Woodside Energy¡¯s Scarborough project in Australia. It was the latest in a string of deals as the fallout from Russia¡¯s invasion of Ukraine threatens to disrupt access to gas from its northern neighbor, making it more imperative to find reliable long-term supply sources.
LNG accounts for about a third of Â鶹´«Ã½ power generation and it is the world¡¯s second-largest importer behind China.
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