Japan signs 20-year LNG supply contract with Petronas

Summary

Japan's JERA has secured a 20-year LNG supply contract with Malaysia's Petronas, starting in 2028, for 2 million tons annually. This deal comes amid rising energy risks and aims to enhance Japan's energy security as it faces potential LNG shortages. Japan is increasing its LNG imports to meet growing demand, particularly for air-conditioning during summer months.

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