Japan LNG long-term outlook 2020

Japan LNG long-term market report, including details of the LNG supply-demand balance, regas infrastructure, contract developments, market structure and policy. Key highlights this update include: - Japan's LNG demand will decline but the country will stay in the top three LNG importers in the world through to 2040 -Japanese energy policy is at a crossroads, providing one of the greatest uncertainties to the LNG outlook - As new contract volumes ramp-up and demand falls, Japan risks being overcontracted in the early 2020’s - Japan remains at the forefront of Asian contracting innovation with more diverse contract formulae and indexation, shorter duration deals, joint procurement, and one of the world’s first carbon-neutral LNG cargoes - As contracts roll off from the mid-2020s, Japanese buyers will look to ensure supply security with new long-term volumes, but some bigger buyers will likely be more comfortable relying on the spot market for a share of their procurement exposure