Japan and the EU agreed on May 12 to cooperate and help each other’s security of LNG supply, and work together to reduce Europe’s dependency on Russian energy supply by ensuring diversification through necessary investments. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “In the light of sanctions on Russia, we will cooperate to keep global energy markets stable and help ensure each other’s security of supply, in particular for the supply of LNG,” Japan and the EU said in a joint statement following the summit meeting in Tokyo earlier in the day. “We will cooperate to reduce Europe’s dependency on energy supplies from Russia and to ensure diversification of energy supply sources, and acknowledge the need for investments to achieve this.” The latest move comes after Japan said Feb. 9 it would divert some surplus cargoes to Europe, where there were gas shortages, following […]