Japanese groups have launched a $21bn deal spree to secure gas supplies. The world’s second-biggest buyer of LNG is targeting shale resources on the US Gulf Coast as part of the push.
The activity comes amid market upheavals, with the deals focused on strengthening access to gas supplies. The available information identifies the US Gulf Coast shale resources as a target of the buying effort.
The $21bn figure covers the deal spree by Japanese groups. The move underscores the importance of gas supply security for Japan, a major LNG buyer, during a period of market disruption.
Sources: Financial Times.