By LNG World News Japan’s JERA, the world’s largest buyer of liquefied natural gas (LNG), is reportedly lining up a contract that will have no destination clause in it.
JERA is looking to replace its expiring long-term contracts with new LNG volumes, the company’s president Yuji Kakimi told Reuters in an interview.
The company has been looking to exclude the destination restrictions from its supply deals, following the decision by Japan’s Fair Trade Commission (FTC) to declare such clauses as anti-competitive.
To comply with the ruling, long-term suppliers have shown willingness to remove the destination clauses from their contracts, Kakimi said.
Some of JERA’s current contracts, namely those
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