Japan is highly dependent on imported energy due to a lack of local resources. Amid the current crisis caused by Western sanctions on Russia, Japan is even considering giving nuclear a second chance in a reversal of the stance taken by Japanese leaders since the 2011 Fukushima nuclear disaster. Now, to address the risk of gas supply shortages, the Japanese government will set up a framework for a state-owned company, Japan Oil, Gas and Metals National Corp. to import liquefied natural gas on behalf of Japanese companies. At the same time, Tokyo is also considering curbing demand. According to recent reports, the government plans to impose consumption restrictions on large energy users as a last resort. Before that, it would ask households and business users to save energy. Due to its overwhelming dependence on imported fossil fuels – 90 percent of consumption – Japan has been unable to join its G7 partners in completely phasing out Russian gas. In fact, just this month, both Japan’s major utility JERA and Tokyo Gas sealed supply deals with the new operator of Sakhalin-2, where most of Japan’s Russian LNG supply comes from. Meanwhile, the government in Tokyo must also watch its energy import bill, which has been swelling in recent months as oil and natural gas prices, especially the latter, have risen. “A number of factors, including the highest fuel prices since the war and a falling currency, are putting significant pressure on Japan’s energy security, making this one of the most severe energy crises Japan has faced,” said Jane Nakano, senior fellow at the Washington-based think tank, the Center for Strategic & International Studies, said in July. By Irina Slav for Oilprice.com More top reads from Oilprice.com:
title: “Japanese Government To Buy Lng To Avoid Energy Crisis Klmat” ShowToc: true date: “2022-11-25” author: “Susan Morales”
Japan is highly dependent on imported energy due to a lack of local resources. Amid the current crisis caused by Western sanctions on Russia, Japan is even considering giving nuclear a second chance in a reversal of the stance taken by Japanese leaders since the 2011 Fukushima nuclear disaster. Now, to address the risk of gas supply shortages, the Japanese government will set up a framework for a state-owned company, Japan Oil, Gas and Metals National Corp. to import liquefied natural gas on behalf of Japanese companies. At the same time, Tokyo is also considering curbing demand. According to recent reports, the government plans to impose consumption restrictions on large energy users as a last resort. Before that, it would ask households and business users to save energy. Due to its overwhelming dependence on imported fossil fuels – 90 percent of consumption – Japan has been unable to join its G7 partners in completely phasing out Russian gas. In fact, just this month, both Japan’s major utility JERA and Tokyo Gas sealed supply deals with the new operator of Sakhalin-2, where most of Japan’s Russian LNG supply comes from. Meanwhile, the government in Tokyo must also watch its energy import bill, which has been swelling in recent months as oil and natural gas prices, especially the latter, have risen. “A number of factors, including the highest fuel prices since the war and a falling currency, are putting significant pressure on Japan’s energy security, making this one of the most severe energy crises Japan has faced,” said Jane Nakano, senior fellow at the Washington-based think tank, the Center for Strategic & International Studies, said in July. By Irina Slav for Oilprice.com More top reads from Oilprice.com:
title: “Japanese Government To Buy Lng To Avoid Energy Crisis Klmat” ShowToc: true date: “2022-11-03” author: “Josephine Evans”
Japan is highly dependent on imported energy due to a lack of local resources. Amid the current crisis caused by Western sanctions on Russia, Japan is even considering giving nuclear a second chance in a reversal of the stance taken by Japanese leaders since the 2011 Fukushima nuclear disaster. Now, to address the risk of gas supply shortages, the Japanese government will set up a framework for a state-owned company, Japan Oil, Gas and Metals National Corp. to import liquefied natural gas on behalf of Japanese companies. At the same time, Tokyo is also considering curbing demand. According to recent reports, the government plans to impose consumption restrictions on large energy users as a last resort. Before that, it would ask households and business users to save energy. Due to its overwhelming dependence on imported fossil fuels – 90 percent of consumption – Japan has been unable to join its G7 partners in completely phasing out Russian gas. In fact, just this month, both Japan’s major utility JERA and Tokyo Gas sealed supply deals with the new operator of Sakhalin-2, where most of Japan’s Russian LNG supply comes from. Meanwhile, the government in Tokyo must also watch its energy import bill, which has been swelling in recent months as oil and natural gas prices, especially the latter, have risen. “A number of factors, including the highest fuel prices since the war and a falling currency, are putting significant pressure on Japan’s energy security, making this one of the most severe energy crises Japan has faced,” said Jane Nakano, senior fellow at the Washington-based think tank, the Center for Strategic & International Studies, said in July. By Irina Slav for Oilprice.com More top reads from Oilprice.com:
title: “Japanese Government To Buy Lng To Avoid Energy Crisis Klmat” ShowToc: true date: “2022-11-06” author: “Eva Howard”
Japan is highly dependent on imported energy due to a lack of local resources. Amid the current crisis caused by Western sanctions on Russia, Japan is even considering giving nuclear a second chance in a reversal of the stance taken by Japanese leaders since the 2011 Fukushima nuclear disaster. Now, to address the risk of gas supply shortages, the Japanese government will set up a framework for a state-owned company, Japan Oil, Gas and Metals National Corp. to import liquefied natural gas on behalf of Japanese companies. At the same time, Tokyo is also considering curbing demand. According to recent reports, the government plans to impose consumption restrictions on large energy users as a last resort. Before that, it would ask households and business users to save energy. Due to its overwhelming dependence on imported fossil fuels – 90 percent of consumption – Japan has been unable to join its G7 partners in completely phasing out Russian gas. In fact, just this month, both Japan’s major utility JERA and Tokyo Gas sealed supply deals with the new operator of Sakhalin-2, where most of Japan’s Russian LNG supply comes from. Meanwhile, the government in Tokyo must also watch its energy import bill, which has been swelling in recent months as oil and natural gas prices, especially the latter, have risen. “A number of factors, including the highest fuel prices since the war and a falling currency, are putting significant pressure on Japan’s energy security, making this one of the most severe energy crises Japan has faced,” said Jane Nakano, senior fellow at the Washington-based think tank, the Center for Strategic & International Studies, said in July. By Irina Slav for Oilprice.com More top reads from Oilprice.com:
