Japan to establish lng reserves this year.

Japan will establish a liquefied natural gas (LNG) reserve system this year to secure gas resources for "unexpected situations", industry minister Yasutoshi Nishimura said on Tuesday.

Japan, the world's top LNG buyer along with China, is promoting gas as a transition fuel before its economy reaches zero-neutrality in 2050. Japan also wants to be an LNG trading hub for Asia, especially for nations switching from coal to gas.

"We must accelerate energy transition and within that transition, LNG plays an extremely important role," Nishimura told the LNG...