Japan Could Ask US To Increase Shale Gas Export

Prime Minister Shinzo Abe plans to ask U.S. President Barack Obama during their upcoming talks in Tokyo to boost U.S. shale gas exports to Japan, a government source said Sunday.

Japan views the new and abundant source of natural gas as key to cutting fuel procurement costs and is aiming to ensure stable supplies from the United States, according to the source.

Abe hopes to confirm with Obama during Thursday’s summit meeting not only the importance of the U.S.-Japan security alliance but also cooperation in the energy and economic fields, according to the source.

Abe is also expected to propose stepping up cooperation on clean energy such as solar power.

Substantial imports of low-priced shale gas would lower Japan’s trade deficit and put it in a better position in price negotiations for gas imports from the Middle East.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza