- Japan’s cabinet approved Friday bills to revise laws to ensure stable supply and demand of liquefied natural gas in the event of an energy contingency, amid procurement concerns driven by the Russian offensive in Ukraine.
- Partial revisions to the gas business law and the law for Japan Oil, Gas and Metals National Corp will allow the industry minister to request the government-backed agency to procure LNG when the private sector faces difficulties doing so.
- Foreign stakeholders including the Japanese government and firms will be asked to declare if they wish to remain part of the project within a month of the establishment of the new company.
Japan to revise laws to ensure stable LNG supply, demand in emergency
