Gas

Japan has cut back on LNG imports two years in a row.

Britain depends on stored gas reserves to help manage winter energy demand spikes and to ensure security of supply.

The two sides looked forward to building the third electricity transmission line as the grounds for gas trade multiplies.

Storage provides security and flexibility of supply.

India’s biggest gas importer Petronet LNG annually buys 8.5mn tonnes under a long-term contract.

Total reached a preliminary agreement to invest $4.8 billion to develop the massive gas deposit alongside China National Petroleum Corp.

The allocation of the $13-billion credit line by South Korea to Iran would open the way for Japanese and European banks to do the same with the country.

Qatar. the world'.s biggest exporter of LNG. faces competition from Australian and U.S. producers.

Washington has long been arguing for the geopolitical importance of LNG exports to Europe.

New Delhi is keen that the gas from the field comes to India to feed the vast energy needs.