Japan to ink LNG deal with Italy for emergencies amid supply concerns

The Japanese government said Sunday it will sign a memorandum of understanding to buy liquefied natural gas from a major Italian energy company during emergencies, as concerns over energy supply grew stronger with the Russia-Ukraine war dragging on and escalating conflict in the Middle East.Japan will be able to purchase LNG from Rome-based energy giant Eni through the government-backed Japan Organization for Metals and Energy Security under the deal to be inked with the Italian government, which holds a stake in Eni.Details such as the purchase volume and price have yet to be decided.Eni i…READ FULL ARTICLE