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Japan to demand LNG export guarantee from Aus

Leaders to meet in Perth this week

Japan to demand LNG export guarantee from Aus

Japan's ambassador to Australia, Shingo Yamagami, told the Australian Financial Review the meeting would focus on military co-operation and energy security. 

While the world grapples with a global gas supply crisis, Japan is looking to ensure it receives enough LNG cargoes from Australia. 

Yamagami said Tokyo had concerns over the federal government's efforts to ensure domestic supply to the east coast market. 

He said any move to interfere with the market would create sovereign risk for Japan. 

Japan has previously been given assurances from resources minister Madeleine King and trade minister Don Farrell that Australia would continue to ship LNG reliably. 

However, Kishida will seek more assurances from Albanese. 

 "This meeting is crucial in terms of ensuring that Australia will remain a trusted, reliable supplier of energy," ambassador Yamagami said. 

"Japan will continue to be willing to invest and trade with Australia. This is a two-way street, this partnership, but energy security is certainly high in the mind of Prime Minister Kishida."

He labelled any new regulations imposed by the Albanese government on LNG exports "resources nationalism."

"If Australia starts behaving like other countries in some other regions, I'm sure there will be a cry coming from Japanese," Yamagami added. 

Earlier this week, at the Asia Pacific Oil and Gas Conference in Adelaide, resources minister King said Australia would take its role in ensuring the energy security of Japan "very seriously". 

King also said gas companies should ensure Australia had ample supply to the east coast and reduce gas prices to maintain social licence. 

She recently signed heads of agreements with three LNG exporters, Shell, Santos and Origin to ensure adequate supply. 

 

 

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