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Business trends

Japanese trading houses push LNG projects in Asia

China's shift to natural gas from coal could open up lucrative opportunities

Demand for liquefied natural gas is growing as more countries try to limit their greenhouse gas emissions and reduce air pollution.   © Reuters

TOKYO -- Japanese trading houses are making big bets on liquefied natural gas as a relatively clean form of energy as regulations on greenhouse gases tighten worldwide. Companies such as MarubeniMitsui & Co. and Mitsubishi Corp. have all been expanding their LNG businesses in Asia and elsewhere.

This could put them in a good position to take advantage of efforts by China to address its air-pollution problem by switching from coal to natural gas.

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