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27-DEC-93/3 JAN 94

LNG Outlook

Price Increases Could Impair Viability Of LNG Use In Japan

Gas-producing countries and major oil companies are attempting to raiseliquefied natural gas (LNG) prices to Japan and the rest of the Far East byrevising the current price formulas which relate LNG prices to those of crudeoil, says Mr. Tsutomu Toichi, Head of the Research Department at Japan'sInstitute of Energy Economics (IEE). In a paper entitled "LNG Developmentat Turning Point and...