6/5/2013

Major Japanese energy firms, including Eneos Globe, Idemitsu Kosan, Astomos Energy and Iwatani, have entered into deals with Enterprise Products Partners to boost imports of liquefied petroleum gas from the U.S. in a bid to diversify supplies. "Local suppliers are seeing the benefits of bringing LPG from the U.S., even considering freight costs without using the Panama Canal now," said Yasushi Kimura, president of the Petroleum Association of Japan. "Japan's imports of U.S. LPG are benefiting Japan for not only diversifying its supply sources but also increasing its 'bargaining power' against LPG supplies from the Middle East," Kimura said.

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