Japan's Tokyo Electric Power in advanced talks to secure LNG

摘要

Japan's Tokyo Electric Power is in advanced talks to secure LNG supplies from North America, Reuters reported. The company intends to reduce high import prices as Japan cuts reliance on nuclear power after the Fukushima disaster, company officials said. Spot LNG prices in Asian markets average US$13 per MMBtu while prices in North America are as low as US$3 per MMBtu.