‘Not easy’: Japan mulls building its own LNG carriers amid Iran energy crisis

2026-03-20 - 05:02

As the US-Israel war on Iran strains global energy supplies, Japan is discussing reviving domestic production of liquefied natural gas carriers for the first time in more than half a decade to bolster its national security. The move would see Japanese shipbuilders return to a market that is currently dominated by China and South Korea, as Tokyo looks to revitalise its maritime sector and shore up its energy security. Japan’s shipbuilding working group – comprising industry experts and government...