Tag - lng

 
 

LNG

The government is considering financial support for liquefied natural gas operators to secure storage tanks in Japan and abroad.
ENVIRONMENT / Energy
Sep 12, 2024
Japan considers company support measures for long-term LNG contracts
Possible measures included financial support for securing storage tank and a new program to assist LNG buyers committing to long-term contracts.
Prime Minister Fumio Kishida poses for a group photo with other regional leaders prior to the Asia Zero Emission Community (AZEC) leaders meeting in Tokyo in December.
COMMENTARY / Japan
Aug 16, 2024
Japan's energy diplomacy reflects global divide over how to reach net zero
Japan’s focus should be on advancing truly innovative and effective renewable technologies, rather than prolonging fossil fuel use.
Flaring at the Cameron LNG export terminal in Hackberry, Louisiana. Flaring, a common sight at LNG plants, is a controlled burning of gas for reasons ranging from depressurizing equipment to disposing of gas that can’t be used. The practice is a "waste of money" and negatively impacts climate change and human health, says the International Energy Agency.
ENVIRONMENT / OUR PLANET
Aug 11, 2024
Japan fuels U.S. LNG boom even as climate targets and impacts loom
For over half a century, Japan has been a sizable buyer of LNG, and its government, banks and energy companies have played a key role in continued investment.
Jera reported ¥93.4 billion in profit for the April-June quarter, down 48% from the year-before period.
BUSINESS / Companies
Aug 1, 2024
JERA's April-June profit halves; Taketoyo plant remains shut
The 1,070-megawatt (MW) Taketoyo power station in Aichi Prefecture has been shut since it was hit by a fire on Jan. 31.
Data has shown that Western pension funds may inadvertently be helping Russian President Vladimir Putin as Moscow looks to ramp up liquefied natural gas exports to replenish Kremlin coffers and fund its war in Ukraine.
BUSINESS / Economy
Jul 21, 2024
How U.S. pension funds help Putin’s gas gambit
The case spotlights the opacity of the global finance and how hard it remains to sever Moscow from a key revenue source even two years after the Ukraine invasion.
Tokyo Gas storage tanks in Tokyo. The firm is looking to add more U.S. natural gas assets.
BUSINESS / Companies
Jun 3, 2024
Tokyo Gas seeks more U.S. natural gas assets, president says
Japan's top city gas supplier is aiming to expand its gas-related businesses in North America after its recent acquisition of a U.S. shale gas producer.
Jera’s Hekinan thermal power station in Hekinan, Aichi Prefecture
BUSINESS
May 24, 2024
Jera warns of switching investment from Australia over lack of support
The lack of financial support for production of hydrogen and ammonia took some of the shine off Australia as a destination for Japanese investment.
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.

Longform

A store clerk tries to cool things down in front of their shop by spraying a hose.
Is extreme weather changing the way Japan shops?