Economic Calendar

Wednesday, November 12, 2008

Japan May Skip Spot LNG Purchases This Winter, Osaka Gas Says

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By Dinakar Sethuraman

Nov. 12 (Bloomberg) -- Japan may skip the purchase of liquefied natural gas from the spot market this winter amid a lack of nuclear power plant shutdowns, said Akio Nomura, chairman of Osaka Gas Co.

Japan's winter gas demand may be unchanged, Nomura said at a gas conference in Hanoi today.

Osaka Gas is holding talks to sell a stake in Senboku Natural Gas Power Generation Co. to Oman as part of negotiations to secure LNG from the Middle Eastern country, Nomura said. Osaka Gas is Japan's second-largest gas distributor.

To contact the reporter on this story: Dinakar Sethuraman in Singapore at dinakar@bloomberg.net.




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