TOKYO : Japan's Tokyo Gas is shifting its overseas focus to renewable energy and away from regional upstream gas projects as it seeks to combat climate change, its president said, although it will invest in liquefied natural gas .
"We are shifting our overseas focus from upstream gas projects to renewable energy and Asia's infrastructure as we have limited resources ... and as we need to invest in decarbonisation," President Shinichi Sasayama told Reuters. Apart from decarbonisation, Tokyo Gas is focused on economics and spreading its risks after the Ukraine war underlined the dangers of dependency on Russian gas.
"Economics remains important, but flexibility in contract terms, including destination clauses, is also very important," he said.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Despite China heatwave, weak factory demand curbs coal prices, LNG importsSINGAPORE : An ongoing heatwave in China is boosting power demand for cooling, but tepid industrial demand and record high coal inventories are keeping prices at two-year lows and limiting spot liquefied natural gas (LNG) imports.Analysts do not see coal prices rising or spot LNG imports picking up anytim
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Goldman Sachs to start trading Japan power futures - sourcesTOKYO : Goldman Sachs Group plans to establish a desk in Tokyo to start trading Japanese power derivatives, two people familiar with the matter told Reuters on Wednesday.More foreign energy companies and banks are seeking access to the Japanese power market, which was launched in 2016 in the wake of the F
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Discovering Tokyo’s old-school places using a 20-year-old travel guidebookUsing a guidebook published more than 20 years ago, this New York Times writer searches out the bars and restaurants that express Tokyo's traditional eating and drinking culture.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japanese companies team up for battery storage project to fuel clean energy expansionJapan's Itochu Corp said on Wednesday it has jointly established a power storage company with Osaka Gas Co and Tokyo Century Corp, as the country's expansion in renewable energy drives demand for storage capacity. The joint venture would start construction of large-scale lithium ion storage batteries in O
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Aquila Capital secures $21 million loan for Japan solar projectInvestment management company Aquila Capital has secured a 3 billion yen ($21.5 million) loan from Japan's Ashikaga Bank for a solar power project in Japan's Chiba prefecture, the company said in a statement on Wednesday. As Japan targets to have 36 per cent-38 per cent of its electricity from renewable s
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Philippines, Japan, US hold first trilateral coast guard manoeuvresOFF BATAAN PROVINCE - Small boats of armed men in grey camouflage fatigues and balaclavas speed towards a Philippine ship before climbing aboard and scanning the deck with small rifles at the ready. Moments later, its crew are marched away with their hands on their heads, concluding a simulation of a counter-terrorism operation in the South China Sea between the...
Source: asiaonecom - 🏆 10. / 59 Read more »