Japan Transitions to Become Australia’s LNG Competitor

Published on May 15, 2024

Japan, Australia’s largest liquefied natural gas (LNG) export customer, is reducing its purchases from Australia due to lower domestic demand and increased power generation from alternative sources, according to a global think tank. “Japanese companies are now actively cultivating LNG demand in emerging Asian markets where they resell LNG and sell gas infrastructure and services,” said Amandine Denis-Ryan, the CEO of Australia’s Institute for Energy Economics and Financial Analysis (IEEFA) which examines issues related to energy markets, trends, and policies. “Effectively, Japan is becoming a competitor to Australian LNG producers for sales opportunities in those markets.” The institute reports a 25 percent decline in Japan’s LNG demand since 2014, with another 25 percent decrease expected by 2030....

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