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Economy

US shale-based LNG gushes into Asia

Japan follows South Korea, China and India in signing long-term contracts

A ship carrying U.S. LNG arrived at a port in Yokohama, Japan on Monday. (Photo by Ryosuke Hanafusa)

TOKYO -- Liquefied natural gas originating from the U.S. is flowing into Asia at an accelerating pace, with Japan becoming the most recent country to buy the fuel under a long-term contract.

Japan will begin sourcing a sizable portion of its LNG from the U.S. to improve its energy security. Tokyo also seeks to alleviate pressure from U.S. President Donald Trump's administration to address their bilateral trade imbalance. Other Asian countries are tapping this relatively new source as well, amid growing demand for energy.

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