LNG Boom No Comfort to Asia as Petronas Sees Cheap Gas Fallacy

LNG Boom No Comfort to Asia as Petronas Sees Cheap Gas Fallacy

Tomohiro Ohsumi/Bloomberg

A liquefied natural gas (LNG) tanker is moored at night in Sodegaura City, Chiba Prefecture. Japan, the world’s largest LNG importer, is paying about $16 to $18 per million Btu for LNG, according to Ken Koyama, the chief economist and managing director of the Institute of Energy Economics Japan.