Tokyo Gas does not expect any direct impact from the conflict between Israel and Iran on LNG purchases by Tokyo Gas

Tokyo Gas, Japan's largest city gas supplier, said that the conflict between Israel and Iran has no impact on its LNG procurement.

Nobuhiro Sugawara, Senior Managing Executive Officer, said on the sidelines the Japan Energy Summit that "since we do not import LNG from Qatar and UAE, our LNG acquisition is not directly affected" at this time.

He said that the situation was being monitored with great interest, and noted that the rising tensions in the Middle East may cause LNG prices to rise and disrupt the global supply.

Iran-Israel air war

On Wednesday, the conflict entered its sixth day with fears that it could expand. U.S. president Donald Trump had called on Tuesday for Iran's unconditional surrender, despite the U.S. being not actively involved in fighting.

Sugesawa stated that the utility could increase its procurement from the United States which accounts for 10% of their total supply. It is seen as a source of supply that is attractive.

JERA, Japan’s largest power generator, announced last week that it had

Four different suppliers can provide U.S. LNG.

The following is a list of

Alaska LNG project

Sugesawa, Tokyo Gas's president, said that the company is interested in this project, noting the historical significance of Alaska as its first LNG imports, which took place more than 50 year ago, came from Alaska.

He added, however, that the company will need to evaluate specific conditions, such as economic feasibility, prior to moving forward.

The company buys LNG mainly from Australia and Malaysia, as well as Russia. (Reporting and editing by Christian Schmollinger; Yuka Obayashi)

(source: Reuters)