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Japan Osaka Gas keen to boost profit

Staff Reporter | 6:44 PM |
 JAPAN’s Osaka Gas is keen to resell and trade its off-take volume from the US Freeport liquefied natural gas to boost profits and flexibility in its procurement, an official says.
Osaka Gas president Takehiro Honjon said: “We will be able to lift Freeport LNG cargoes that have no destination clauses.
“We then want to resell as much of this volume as possible.
“This LNG is Henry Hub-linked and we could consider not only just bringing it back to Japan but other options such as swapping cargoes with those in Southeast Asia, Europe.”
The company has a natural gas liquefaction tolling agreement with the Freeport project on the Texas Gulf Coast, which is expected to start in 2018. – Platts