Tag - lng

 
 

LNG

JERA's Hekinan thermal power station in Aichi prefecture. JERA plans to invest in renewable energy and new fuels.
BUSINESS / Companies
May 16, 2024
JERA to invest $32 billion in LNG, renewables and new fuels
JERA plans to phase out inefficient coal-fired thermal power by fiscal year 2030.
A liquefied natural gas shipment on the Suez Canal in Ismailia, Egypt
BUSINESS / Economy
May 16, 2024
Red Sea disruptions are splitting global LNG trade into regions
It’s been four months since an LNG tanker has passed through the strait separating the Arabian Peninsula and Africa.
Natural gas burns on a domestic kitchen stove in London.
BUSINESS / Companies
May 14, 2024
As war stems Russian gas, Norway's Equinor gains outsized market impact
Norway now supplies 30% of Europe's gas, and roughly two-thirds of Norway's exports last year were sold by Equinor.
Russian President Vladimir Putin looks through a helicopter window during his flight to the Novatek-Murmansk's Offshore Superfacility Construction Center in the village of Belokamenka, in Russia's Murmansk region, last July.
BUSINESS / ANALYSIS
May 5, 2024
How Western sanctions are strangling Putin’s Arctic gas ambitions
The Novatek PJSC-led Arctic LNG 2 facility is a key part of Moscow’s plans to boost exports and replenish coffers. But it has remained virtually idled.
A liquefied natural gas tanker arrives at a Tokyo Gas LNG terminal in Yokohama. Despite a decline in domestic gas demand, Japanese companies are looking to maintain their stake in overseas LNG markets, especially in Asia.
COMMENTARY / Japan
Apr 29, 2024
The double standard of Japan’s energy companies abroad
In Japan, energy companies like Tokyo Gas are striving to cut emissions. But overseas, they're shoring up LNG markets, making for a very different picture.
Yukio Kani, chairman and global CEO of Jera
BUSINESS / Companies
Apr 15, 2024
Japan’s top power producer Jera considers IPO to fund green push
The Tokyo-based company plans to develop 20 gigawatts of renewable generation capacity by fiscal 2035.
Mercuria Energy Group is gearing up to engage in physical power trading in Japan.
BUSINESS / Companies
Apr 5, 2024
Mercuria joins trader push into Japan’s spot electricity market
That follows moves by other European energy companies, including BP and Engie, to expand in one of the biggest power-consuming nations.
Reindeer that belong to Sami herder Nils Mathis Sara, 65, run in a winter pasture near Geadgebarjavri up on the Finnmark plateau, Norway, last month.
ENVIRONMENT / Climate change
Apr 3, 2024
Reindeer herders battle power line needed for Norway's climate goal
The conflict illustrates the difficult choices countries must make to cut greenhouse gas emissions and power future growth.
A LNG tanker at the Negishi LNG Terminal, which is jointly operated by Tokyo Gas and JERA, in Yokohama
BUSINESS
Mar 11, 2024
Japan boosts reliance on allies for long-term LNG supplies
LNG accounts for about a third of Japan's power generation and it is the world's second-largest importer behind China.
Fatih Birol, executive director of the IEA
ENVIRONMENT / Energy
Feb 21, 2024
How to reinvent yourself at 50: An IEA guide
It would be an understatement to say that the energy industry has gone through a lot of change.
Black smoke rises from Jera's Taketoyo Thermal Power Station in Taketoyo, Aichi Prefecture, on Wednesday.
JAPAN
Feb 1, 2024
Jera to check two thermal power plants in Japan after fire
The firm will conduct inspections at the Hekinan facility in Aichi Prefecture and the Hitachi Naka plant in Ibaraki Prefecture.
A Tokyo Gas Co. storage tank at the company's Setagaya facility in Tokyo
ENVIRONMENT / Climate change
Jan 12, 2024
World trying to quit fossil fuels gets flood of gas instead
Formerly a sluggish sector, global events spurred LNG's expansion
The Ministry of Economy, Trade and Industry has been meeting with Japanese buyers, as well as overseas suppliers, to urge the signing of more long-term LNG contracts.
BUSINESS / Companies
Nov 21, 2023
Japan urges LNG buyers to sign long-term deals for fuel security
The push is meant to insulate Japan from future supply shocks, as well as potentially harsher sanctions against Russian fuel exports.
A structure of the Arctic LNG 2 joint venture is seen under construction near the settlement of Belokamenka, Murmansk region, Russia, in July last year
BUSINESS
Nov 7, 2023
U.S. sanctions on Russia LNG won't harm supplies, minister says
The industry minister said that Japan will ensure its energy supplies are not affected by U.S. sanctions on a Russian project in which it has a stake.
Gazprom's Power of Siberia pipeline in the Sakha Republic, Russia
WORLD / Politics
Oct 12, 2023
Putin to tap China as failed Europe energy play blunts leverage
Gas volumes to the Asian superpower would only match two-thirds of those that flowed to Europe, but prices will be lower and deliveries would take years.
Liquefied natural gas tanks in Sodegaura, Chiba Prefecture
BUSINESS
Sep 27, 2023
Industry ministry sees LNG stocks recovering toward winter
LNG stocks have been declining since May as a long, hot summer boosted the use of air-conditioners, lifting demand for power and fuels.
People walk on the bank of the frozen Spree river in Berlin in 2021.
WORLD / Politics
Sep 27, 2023
EU forecasts a more comfortable winter ahead without Russian gas
Before Russia's invasion of Ukraine, the Nord Stream 1 pipeline had accounted for 15% of Europe's gas imports in 2021.
A liquefied natural gas tanker is tugged toward a thermal power station in Futtsu, Chiba Prefecture, in November 2017
BUSINESS
Sep 20, 2023
Japan’s dwindling LNG inventories could prompt new purchases
Storage held by Japan’s power suppliers fell to 1.62 million tons as of Sept. 17, according to data compiled by the trade ministry.
A tanker used for shipping liquefied natural gas sits near the Yamal LNG plant, operated by Novatek, in Sabetta, Russia.
BUSINESS
Sep 19, 2023
Japan to ensure stable energy supply despite U.S. sanctions
The latest sanctions on the Arctic LNG 2 project are part of several economic measures the U.S., Europe and their allies have taken against Russia.
LNG Japan, a joint venture owned by Sumitomo and Sojitz, have inked a deal for a stake in a giant natural gas project off Australia.
BUSINESS
Aug 9, 2023
LNG Japan inks ¥126 billion deal to join Australian gas project
The move will secure supply of a fossil fuel Japan expects will retain a key role in its energy mix.

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