Japan Will Continue to Import LNG from Brunei

Japan will continue to buy LNG from Brunei although it plans to diversify its supply source, reported Brunei Times citing a statement by Japanese ambassador.

Noriko Iki told the Oil and Gas Year Brunei 2015 report that the extension of the long-term supply contract between Brunei LNG and a consortium formed by Tokyo Electric Power Company (Tepco), Tokyo Gas and Osaka Gas in March 2012 was proof of the commitment.

The agreement envisioned supply of 3.4 million metric tonnes of LNG per year for the next 10 years beginning in April 2013. Currently, 90 percent of Brunei’s LNG is exported to Japan.

Japan is one of the world’s biggest LNG consumers and first started importing LNG from Brunei in 1972.