Asia — tight link between oil, gas pricesJapan, South Korea, Taiwan, account for 51 percent of world LNG supply; big buyers in Japan and Korea favor long-term LNG contracts Bill White Researcher/writer for the Office of the Federal Coordinator
Japan, South Korea and Taiwan have practically no gas production of their own. They are far from the nearest gas pipeline. So they import LNG by tanker.
Together these three nations took 51 percent of the world’s LNG supply last year (less than 5 percent of the world’s total gas production).
Natural....
[additional news subjects in this story]
Long-term contracts Linking gas price to oil Redundancy of infrastructure
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