Hiroshi Kondo, Deputy General Manager at Tokyo Gas (Paris Office) explains Japan’s interest in emerging LNG markets in other Asian countries and Europe. He also compares and analyses Japan’s and Europe’s situation within the LNG and gas market, especially concerning the pricing. Read the whole interview for this expert information.
Joanna Scheffel: Hello, my name is Joanna Scheffel from IQPC and today I am talking to Mr. Hiroshi Kondo, Paris Representative Office Deputy General Manager at Tokyo Gas. First of all welcome and thank you for joining me here. We’ll be talking about LNG terminals. Could you perhaps say something about your role and the company you are working at?
Hiroshi Kondo: Hello, I´m Hiroshi Kondo of the Tokyo Gas Paris office. I am analyzing the European market, as well as Africa and the Middle East.
J.S.: How is your company setting itself apart within the industry concerning LNG terminals?
H.K.: First of all, Tokyo Gas is the largest gas distribution company in Japan. And at the same time, we at Tokyo Gas own our three receiving terminals in Tokyo, or Kantō region area, in Japan.
J.S.: How do you see the current market situation in Japan?
H.K.: As you know, Japan is facing a terrible situation about energy due to a loss in nuclear power. I should explain some details. The import of volume in Japan increased significantly to 78.5 million tons in 2011 from 70 million tons in the previous year of 2010. This was mainly due to the loss in nuclear power. This picture that LNG is being an alternative source to nuclear power will continue for some time. In the past, about 30% of Japan’s electricity came from nuclear power. So this big portion will influence the LNG market on a global basis.
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