Japan's second largest gas utility Osaka Gas is looking at possibilities of jointly importing LNG -- "at least several cargoes" -- via short-term or long-term contracts as part of its efforts to lower its fuel costs, company president Hiroshi Ozaki told reporters Wednesday.
At a press briefing in Tokyo, Ozaki said Osaka Gas' joint LNG purchases could be made not only with other Japanese power and gas utilities but also with companies in the US and Europe.
Osaka Gas is also looking at participating in unconventional gas projects overseas not only to secure new supply sources but also lower its fuel costs, with a possibility of importing unconventional gas-based LNG from North America and having prices linked to gas benchmarks, Ozaki added.
