Tensions involving Russian troops near Ukraine are now spilling into Asia. One consideration is energy — and a potential impact on Japan.
Diplomats in several parts of the world are talking about Ukraine and contingency plans.
Some of those discussions involve energy supplies.
Late last week, Japan’s Jiji news reported that U.S. officials have asked counterparts in Japan whether it could divert some shipments of Liquified Natural Gas to Europe if the need arises.
Economists say Russia supplies 30% to 40% of the natural gas used in Europe — and some are concerned that flow might be disrupted if conditions in Ukraine deteriorated.
On Friday, Japan’s Industry Minister told a news conference that Japan would “consider ways it can help the international community in the event of the Ukraine crisis disrupting supplies.”
But the minister added that Japan first has to look after its own needs.
More cold weather is forecast as the county continues to move through its winter season.
According to U.S. government figures, Japan is one of the world’s largest importers of natural gas — last year trailing only China.
While some of Japan’s natural gas imports come from the United States, its main suppliers include Australia, Malaysia, Qatar and Russia.
