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Tokyo Gas Sees No Direct LNG Supply Impact From Iran-Israel Conflict

The company plans to assess new US contracts to protect against potential price spikes from regional fighting

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Overview

  • Tokyo Gas does not import LNG from Qatar or the UAE, so its current procurement remains unaffected
  • Senior executive Nobuhiro Sugesawa said the firm is closely monitoring the conflict for risks to global LNG prices and supply
  • The utility may boost purchases from the United States, which account for about 10% of its total LNG intake
  • Tokyo Gas continues to source most of its LNG from Australia, Malaysia and Russia
  • The company is evaluating the economic feasibility of joining the proposed Alaska LNG project, its original supply source over five decades ago