Highlights Several power utilities in the market to buy spot LNG Set to focus on long-term contracts in 2022 amid high spot prices But remain prone to spot purchase on contingency, limited storage Japanese power utilities are scrambling to secure LNG cargoes in the spot market, as they seek to ensure adequate supply through the winter demand season following weeks of elevated power demand, market sources told S&P Global Platts. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now With snow storms hitting the country in recent weeks and unexpected outages at coal-fired power plants amid prolonged uncertainty over Indonesia’s coal exports following the recent blanket export ban, gas for power burn has been high. LNG stocks held by major power utilities fell 6.9% on the week to 2.01 million mt on Jan. 16, according to the latest data from the Ministry of Economy, […]