LNG Market Crucial for Energy Security and Decarbonization Plans

Global liquefied natural gas markets LNG are in a prolonged state of flux. The ongoing Russian war in Ukraine has continued to create waves in global energy markets, and the instability has resulted in significant price volatility across markets. While LNG prices have fallen recently, they are still extremely high, at double the average price for liquified natural gas over the last five years, placing a major squeeze on net importers of the fossil fuel.

Due to what could prove to be an overcorrection and over-purchase of LNG supplies in the near future, Japanese firms are now scrambling to invest in markets across Asia to court potential buyers. 'Japanese LNG demand is uncertain, but the government wants to secure stable supply over the long term,' Yoko Nobuoka, senior analyst at LSEG, recently told Reuters.

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