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Global LNG Supplies Are ‘Sold Out’ for Years, Top Importer Warns

  • No long-term contracts available before 2026, says Japan
  • This is set to intensify worldwide competition for the fuel

Japan warns that global competition for liquefied natural gas is set to intensify over the next three years due to an underinvestment in supply.

Long-term LNG contracts that start before 2026 are sold out, according to a survey of Japanese companies conducted by the trade ministry and released Monday. These types of contracts are essential for buyers, as they offer stable pricing and reliable supply for many years.