RE: Japan1 Apr 2022 14:18
''Although it accounts for a small portion of Japan’s LNG, the Russian gas costs a fraction of spot market rates and, along with gas from Australia and Southeast Asia, has boosted the amount of energy consumption under Japan’s control to more than a third from less than a quarter a decade ago.
If Japan were forced to replace Russian LNG with gas bought on the spot market, that would mean an additional cost of up to 3 trillion yen ($25 billion), at the current spot price, a senior energy agency official, who asked not to be identified, said.'' CNBC MAR 31 2022