
Business Feb 23, 2021
Japan to bolster support for Asia's shift to LNG for power generation
The government hopes to establish a market for the fuel with more flexible pricing, while reducing emissions of greenhouse gases.
Japan to bolster support for Asia's shift to LNG for power generation
The government hopes to establish a market for the fuel with more flexible pricing, while reducing emissions of greenhouse gases.
Japan's stressed power grid faces new test with Arctic blast on way
While Japan is unlikely to see millions plunged into blackouts as in the U.S. currently, the country narrowly avoided power cuts only last month in another wintry spell.
Beijing’s coldest spell since 1966 is spurring energy prices
Energy market turmoil in the world’s biggest consumer market is underscoring the chaos a bitterly cold winter is causing across North Asia.
Longest Arctic sailing season tops off a year of climate disasters
Thinning ice in the Arctic Ocean made this year’s navigation season for tankers the longest on record, a sign that the pace of climate change is accelerating in the northernmost latitudes.
Hydrogen’s future may follow path blazed by natural gas
Following natural gas’s lead, Japan is preparing to trial imports from Australia of superchilled liquid hydrogen.
Japan joins $14.4 billion syndicated loan for LNG project in Africa's Mozambique
The project is meant to reduce Japan's heavy reliance on the Middle East for LNG supply.
Canada's indigenous lead climate charge with rail blockade over pipeline plan, put Trudeau in a bind
Canadian indigenous groups are leading the charge against fossil-fuel development in a country with the world's third-largest proven oil reserves, using rail blockades as leverage and putting Prime Minister Justin Trudeau in a bind. Members of the Wet'suwet'en Nation in British Columbia have been fighting ...
From Texas to Tokyo, global LNG market poised for terrible year
Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of supply and warmer temperatures, throwing up risks and opportunities for the producers, buyers and traders behind the world's fastest-growing fossil fuel. The startup of new export projects from ...
Some Kyushu Electric coal ships to use LNG, cutting emissions by 20%
Kyushu Electric Power Co. will start using vessels powered by liquefied natural gas to transport coal for thermal power generation, resulting in reduced carbon emissions from shipping. The utility said Wednesday that Nippon Yusen K.K. and Mitsui O.S.K. Lines Ltd. will separately order the LNG-burning ...
Japan rushes to establish LNG bunkering hub as environmental rules push global fleet to natural gas
A U.N.-led call for action to tighten sulfur oxide emissions may also be a trigger accelerating a shift to natural gas as fuel for the global shipping fleet, and Japan is wasting no time trying to establish a refueling hub in Asia. Some 80,000 vessels ...
India investing $60 billion on gas grid to link up nation by 2024
India, one of the world's largest consumers of oil and coal, is investing $60 billion to build a national gas grid and import terminals by 2024 in a bid to cut its carbon emissions, the oil minister said on Sunday. India has struggled to boost ...
Japan pledges ¥1 trillion to spur LNG demand and growth
The government has pledged an additional $10 billion (¥1.1 trillion) in public and private financing to liquefied natural gas (LNG) projects worldwide, in order to help spur demand for the cleaner fossil fuel, trade minister Isshu Sugawara said on Thursday. The investments will be dedicated ...