“We have no intention of signing new contracts unless the destinations are free,” Tokyo Gas President Michiaki Hirose declared.
Hirose’s comments follow the decision by Japan’s Fair Trade Commission that the so-called destination clauses that restrict the resale of LNG cargoes are anti-competitive. Since the ruling, Japan’s gas importers have been pushing to either revise their contracts or have vowed not to sign new contracts containing the clauses.
