The worlds biggest gas exporters will benefit from Japans increased need for liquefied natural gas (LNG), but the global gas glut that has weighed them down over recent years is unlikely to shrink significantly.
Japans worst recorded earthquake and tsunami Friday shut four nuclear power plants and threatens to keep at least one closed forever, driving up LNG demand for years to come.
Russia, the worlds biggest gas exporter, and Qatar, the worlds biggest LNG exporter, are ready and able to supply Japan with more LNG. Since the quake hit, shares in British LNG giant BG Group, which just days before finalized a 20-year supply deal with Tokyo Gas starting in 2015, have jumped over 7 percent while the FTSE-100 has fallen.
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