Back to All Media How Japan is Responding to the LNG Supply Wave – By Ben Cahill, UT’s Center for Energy and Environmental Systems Analysis Unprecedented growth in liquefied natural gas (LNG) volumes could reshape the market starting in the early 2030s. Ample spot and short-term cargoes could present more choices for LNG buyers. Yet Japan still prioritizes long-term contracts to ensure security of supply and avoid price volatility, as reinforced in the country’s 7 th Strategic Energy Plan. Share Article Unprecedented growth in liquefied natural gas (LNG) volumes could reshape the market starting in the early 2030s. Ample spot and short-term cargoes could present more choices for LNG buyers. Yet Japan still prioritizes long-term contracts to ensure security of supply and avoid price volatility, as reinforced in the country’s 7 th Strategic Energy Plan.