Italy's Eni in Talks with Japan on Supplying LNG, Executive Say
10.07.2024 By Tank Terminals - NEWS

October 07, 2024 [Reuters]- Italian energy company Eni is in talks with Japan on supplying the country with liquefied natural gas (LNG), Cristian Signoretto, Eni’s director for global gas and LNG portfolio, told reporters on the sidelines of a conference on Sunday.

 

“We already deal with Japanese buyers on a short-term basis and we would like to expand that collaboration also to a long-term basis,” Signoretto said, adding that Eni plans to bring more LNG volumes to the market including from Indonesia and also wants Japanese financial institutions to support some projects.

Eni plans to build its LNG portfolio to 18 million metric tonnes per year by 2027 and would be ready to commit part of it to Japan if the opportunity is there, he added.

Signoretto said it was early to say about the specifics of the discussions, including whether Eni would insist on destination clauses, which are obligations in contracts for the buyer not to resell the gas to third parties.

In recent years, there has been a growing demand among Japanese buyers for deals with shorter duration and without destination clauses as this allows buyers in Japan, the world’s second-biggest LNG importer, to stay flexible and also to resell LNG.

“Flexibility will be part of the discussion,” Signoretto said, without providing details.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Qair to Install e-Methanol Plant at France's Le Havre Port
11.12.2024 - NEWS
November 12, 2024 [Renewables Now]- French independent renewable power producer Qair has won the ... Read More
COP29 - Indonesia to Host World's First Hybrid Green Ammonia Project
11.12.2024 - NEWS
November 12, 2024 [Antara News]- PT Pupuk Indonesia announced its Green Ammonia Initiative from A... Read More
Saudi Arabia Bets $10B on Green Hydrogen
11.12.2024 - NEWS
November 12, 2024 [Oil Price]- Saudi Arabia is reportedly preparing to unleash $10 billion in inv... Read More
Genzero and Trafigura Announce US$100M Expansion of the Brujula Verde Nature-Based Carbon Removals Project in Colombi
11.12.2024 - NEWS
November 12, 2024 [Storage Terminals Magazine]- Trafigura Group Pte Ltd, a leader in the global c... Read More