The operator of Commonwealth LNG, a project in the making, recently said it had terminated a long-term supply deal with Japan’s JERA—the biggest gas buyer in the country. Neither of the companies gave a reason for the termination, but it came at a time when Japanese energy buyers should be rushing to lock in future supply from a secure location outside the Middle East.Currently, LNG exporters with a focus on turning other companies’ gas into a commodity that can be exported by sea fund their projects throug ...