Business Jul 6, 2023
Japan in talks to buy gas from Qatar amid diversification shift
Qatar is currently offering prices that Japanese firms deem as too high, a key issue that may ultimately scuttle discussions.
Qatar is currently offering prices that Japanese firms deem as too high, a key issue that may ultimately scuttle discussions.
Seen as a short-term bridge to greener energy sources, environmentalists have sought to phase out LNG amid worries that it's far dirtier than advertised.
The billionaire investor's visit is seen as an important vote of confidence in Japan’s big five traders as they pivot away from fossil fuels.
Across the country, there is 3.5 gigawatts of potential energy in turbines that have either been built but are sitting idle, or are still under construction.
Adani’s rapid downfall may undermine investor confidence in India more broadly, threatening to curb capital flows into the nation for green financing.
The agreements, driven by high prices, mark a shift for importers that had been moving away from such deals, expecting a transition to cleaner energy sources to reduce gas demand.
Interest in hydrogen is rapidly growing amid a global effort to cut dependence on coal and natural gas.
Several Japanese utilities — which buy overseas fuel in dollars to produce electricity — are considering asking the government to allow them to raise prices further and remove curbs.
Governments in Japan and South Korea are removing anti-nuclear policies, while China and India are looking to build more reactors to avoid future supply shortages and curb emissions.
Already, gas deliveries that were scheduled for Pakistan or India are being redirected to Europe, where buyers are able to afford higher prices.