BUSINESS

Global energy players reunite at Japan LNG & Gas virtual summit

&NewLine;<p class&equals;"wp-block-paragraph"> Players in gas sector are being reunited for greater efficiency at a virtual summit billed to hold at the 3<sup>rd<&sol;sup> Japan LNG &amp&semi; Gas Virtual Summit&period; It is billed to hold  between July 8 and 9&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">A statement signed by Sophie Nicklin and made available to OpenLife stated that JERA&nbsp&semi;and&nbsp&semi;Tokyo Gas&nbsp&semi;will co-host the&nbsp&semi;summit with the support and participation of the&nbsp&semi;Ministry of Economy&comma; Trade and Industry &lpar;METI&rpar;&nbsp&semi;and the&nbsp&semi;Institute of Energy Economics &lpar;IEEJ&rpar;&period; The convening platform for the global industry will be opened by a keynote from&nbsp&semi;Takeshi Soda&comma; Director&comma; Oil &amp&semi; Gas Division&comma;&nbsp&semi;METI&period;<br>&nbsp&semi;<br>As the world’s largest LNG importer&comma; Japan depends on the fuel for 40&percnt; of its electric power generation&period; Tokyo Gas recently announced their intentions to maintain LNG purchasing levels&comma; as well as their overseas investment plan in infrastructure projects and key opportunities continue to exist for collaboration within the industry&period;<br>&nbsp&semi;<br>&OpenCurlyDoubleQuote;We’re seeing a renewed appetite from the regional community to reconnect following a period of lockdown and restrictions&period; Key Japanese players are ready to start reconnecting with peers locally and regionally&period; The regional piece is really interesting in part due to South East Asia being a key region for the re-sale of LNG and future trading activities&comma; but also due to the wider opportunities within lower carbon energy resources&period;” says&nbsp&semi;Nina Febo&comma; Conference Producer of the&nbsp&semi;Japan LNG &amp&semi; Gas Virtual Summit&period;<br>&nbsp&semi;<br>Renegotiation of long-term LNG supply contracts are well underway and Host Sponsors of the Virtual Summit–&nbsp&semi;JERA&nbsp&semi;and&nbsp&semi;Tokyo Gas&nbsp&semi;&&num;8211&semi; will be discussing the need for greater flexibility to be instilled into contracts particularly to ensure security of supply and a strong economic recovery&period;&nbsp&semi;Jonty Shepard&comma; Head of Global LNG&comma;&nbsp&semi;BP&nbsp&semi;will be one of the major suppliers speaking at the Summit and will be discussing different solutions available for collaboration moving forward&period;<br>&nbsp&semi;<br>The subject of LNG demand creation in Asia Pacific is as important as ever given the unprecedented low levels of demand experienced throughout the first half of 2020&period;<br>The topic of demand stimulation will be tackled by&nbsp&semi;Gen Kunihiro&comma; President and &nbsp&semi;COO&comma;&nbsp&semi;Diamond Gas International Pte&period; Ltd and&nbsp&semi;Tetsuya Furuhata&comma; Director General&comma; Research and Analysis Department&semi; Director&comma; LNG Information Team&comma;&nbsp&semi;JOGMEC&period; They will assess what infrastructure and regulations are needed in Southeast Asia to encourage greater LNG usage&period;<br>&nbsp&semi;<br>The statement added that DMG Events&comma; along with its partners&nbsp&semi;JERA&nbsp&semi;and&nbsp&semi;Tokyo Gas&comma; invite all key stakeholders seeking to play a role in the region’s economic recovery to join the Japan LNG &amp&semi; Gas Virtual Summit&comma; which will reconvene the global LNG &amp&semi; Gas community&period; Attendees from across the world will have the opportunity to&nbsp&semi;network and host private meetings&comma; in addition to resuming collaborative discussions at a critical point for the industry and the world’s economic recovery and sustainable future&period;<br>&nbsp&semi;<br><br><&sol;p>&NewLine;

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