Japan govt asks insurers to retain marine war insurance for LNG shippers in Russian waters

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Japan govt asks insurers to retain marine war insurance for LNG shippers in Russian waters
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The Japanese government has requested insures to take on additional risks to continue providing marine war insurance for liquefied natural gas shippers in Russian waters, a senior official at the industry ministry said. | Reuters

TOKYO – The Japanese government has requested insures to take on additional risks to continue providing marine war insurance for liquefied natural gas shippers in Russian waters, a senior official at the industry ministry said.

The Financial Services Agency and Agency for Natural Resources and Energy made the request in a letter to the country’s general insurance association. Tokyo wants to ensure Japan will continue to import LNG from the Sakhalin-2 project in Russia, the official told Reuters.

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