(EnergyAsia, March 31 2011, Thursday) — Russia, Qatar, Malaysia and Indonesia have offered to sell additional liquefied natural gas (LNG) cargoes to Japan to help it overcome the loss of energy supply from several nuclear power plants and refineries damaged by the March 11 earthquake and tsunami.
Russian Prime Minister Vladimir Putin has proposed to divert some of his country’s Europe-bound LNG supplies and up to two additional cargoes from its Sakhalin terminal to Japan.
He said Gazprom can increase deliveries of pipeline gas to Europe by 60 million cubic meters a day to free up more LNG cargoes to Japan. This would free up 40,000 tonnes of LNG.
Russia has also offered Japan to acquire stakes in two Siberian gas fields and to play a role in developing the reserves for its consumption. The Kovykta field holds over two trillion cubic meters (tcm) of natural gas while the Chayanda field in Yakutia has reserves of about 1.2 tcm.
Malaysian state oil firm Petronas and Indonesia’s Pertamina said they are increasing LNG exports to Japan while South Korea said it will supply one cargo. Petronas is also trying to persuade other customers in Asia to allow some of their cargoes be diverted to Japan.
Malaysia delivered 14 million tonnes of LNG to Japanese customers last year. As Japan’s biggest LNG supplier, Petronas said it is working with other Asian buyers on “possible cargoes swaps, advancements and diversions to cater for the increase in LNG requirements.”
Qatar’s two state firms, Qatargas and Rasgas, have offered to raise LNG exports to Japan.
In a statement, Qatargas said it “stands ready to provide all the support to its long-term partners and foundation customers in Japan to meet any increased requirements for LNG at this time.”
“Qatargas can also rely on our sister company RasGas to support Qatargas’ efforts to meet our Japanese buyers and partners needs.”
Japan may have to import an additional one billion cubic feet per day to generate power to offset the loss of its nuclear power capacity. Japan has lost more than 9,700 megawatts or around 20% of its nuclear power plant capacity.