Japan, India to study LNG pricing
News On Japan via AFP -- Oct 11
Japan and India on Wednesday launched a joint research project into pricing structures in LNG markets, the Japanese government said, amid complaints that energy-hungry Asia is paying above the odds.
Japan is the world's top importer of liquefied natural gas. Asian buyers pay far more than those in North America because the price is index-linked to oil on the continent.
Under the present pricing structures in LNG markets, the price in North America is determined on the basis of supply and demand.
Japan's industry minister Yukio Edano and Montek Singh Ahluwalia, deputy chairman of India's Planning Commission, signed the agreement on joint research in Tokyo.
日本のLNG(液化天然ガス)の調達価格が、欧米に比べて高い問題で、日本とインドの両政府は、調達価格を引き下げるための共同研究を始めることで合意した。
Source: AFP
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