Seminar on "Latest Trends in New LNG Projects and Future Business Strategies" by Prof. Goichi Iwama of Wako University to be held on May 28, 2026!

SSK will host a seminar on May 28, 2026, featuring Prof. Goichi Iwama of Wako University. The seminar will analyze the latest trends in the global LNG market, including supply shortages and new projects in the US and Qatar.
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  • 📰 Published: April 24, 2026 at 21:00
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Latest Trends in New LNG Projects and Future Business Strategies

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[Seminar Details]

https://www.ssk21.co.jp/S0000103.php?spage=pt_26286

[Lecturer]

Professor, Faculty of Economics and Business Administration, Wako University /

Chairman, Resource Economics Committee, The Japanese Association for Petroleum Technology

Mr. Goichi Iwama

[Date and Time]

Thursday, May 28, 2026, 2:00 PM - 5:00 PM

[How to Attend]

■ Venue Attendance

Kioi Forum

New Otani Garden Court 1F, 4-1 Kioicho, Chiyoda-ku, Tokyo

■ Live Streaming (Zoom Webinar)

■ Archive Streaming (Available for viewing at your convenience as many times as you like for 2 weeks)

[Key Lecture Content]

Due to military attacks on Iran by the US and Israel, Qatar's 77 million ton/year LNG export project has declared force majeure, and the international LNG market is facing tight supply and demand. However, in the long term, LNG demand is expected to increase as a trump card for reducing carbon dioxide emissions. With the embargo on Russian natural gas and the Trump administration's lifting of the freeze on new LNG projects, new LNG projects around the world are booming. Toward 2030, global LNG demand will increase, and to meet this, the development of new LNG projects and the expansion of existing ones in the US are taking place one after another. In addition to LNG projects using US shale gas as feedstock, Japan's Tokyo Gas and JERA have also expressed interest in LNG from natural gas in the Alaskan Arctic. Qatar's expansion works are also underway, and Mozambique LNG, in which Mitsui & Co. participates, will resume construction. Traditionally, in the trend of decarbonization, natural gas, which has excellent environmental characteristics with about half the carbon dioxide emissions of coal, is expected to be in demand as a transition energy. According to forecasts by oil major Shell, global LNG demand is expected to increase from the current 400 million tons per year to 700 million tons per year in 2040, and under a bullish outlook, it will exceed 800 million tons per year in 2040. In 2025, seeking to diversify LNG procurement sources, Mitsubishi Corporation, Mitsui & Co., and others announced new LNG developments in Indonesia, the UAE, Canada, and Malaysia. LNG Canada has started shipping LNG.

Qatar, a leading LNG exporting country, announced a development concept for an LNG project in the west on February 26, 2024, in addition to the east and south of its traditional world's largest natural gas field, the North Field. Qatar aims to increase its LNG production capacity from the current 77 million tons to 142 million tons in 2030, aiming to recapture its position as the world's largest LNG exporter. The Trump administration is calling on countries to purchase LNG, using the export of LNG projects using US shale gas as a trump card to improve the US trade balance. At the same time, oil majors are trying to cultivate new customers seeking to reduce carbon dioxide emissions by shifting the natural gas liquefaction process from traditional gas turbines to electrification via solar power generation to reduce carbon dioxide emissions, combining it with CCS (Carbon Capture and Storage) technology to produce more carbon-neutral LNG. The US export volume of LNG using shale gas as feedstock reached 85.4 million tons in 2024 and 100 million tons per year in 2025, surpassing Australia and Qatar to become the world's largest, making it an important LNG supply source for European countries aiming to break away from Russian natural gas. The EU aims to stop importing Russian natural gas by the end of 2027. The spot price of Far East Asian LNG, which plunged to $1.825 per million Btu (British thermal units) in April 2020 due to the spread of the novel coronavirus, hit an all-time high of $84.8 per million Btu in March 2022 following the Ukraine crisis, and remains high at the $11 level per million Btu as of mid-November 2025. The European natural gas benchmark price, the Dutch TTF, also exceeded $94 per million Btu in August 2022. Subsequently, due to warm winters in Western countries and decreased heating demand, it dropped to $11 per million Btu in November 2025. However, in response to the long-term increase in LNG demand and the rise in LNG spot prices, new LNG projects, particularly in the US, have successively moved toward construction, and China and European countries have signed long-term LNG purchase contracts with the US, Qatar, and others.

Qatar has also set forth an ambitious plan to increase LNG production capacity, and the Japanese Chiyoda Corporation consortium has a liquefaction plant with an annual production capacity of 32 million tons...