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Deals

Japanese groups make $21bn gas-supply deal push

Japanese companies staged a $21 billion deal spree to secure liquefied-natural-gas supplies, the Financial Times reported. Japan, the world's second-largest LNG buyer, is targeting shale resources on the US Gulf Coast as upheaval in global energy markets increases the value of dependable long-term supply arrangements and diversified sources.

Why it matters

The investments tie Japanese energy security more closely to US gas production at a volatile moment for global fuel markets.

Sources

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