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Letter from Japan: Power market risks highlight LNG rework
Flexibility and sharing of risk in gas buying and selling is becoming more essential
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The crumbling of the country’s postwar political consensus may bolster the country’s LNG demand outlook by stymieing planned nuclear restarts
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Purchasing from region will help determine if prices will stay buoyant in the second half of this decade as supply increases, with significant volumes due online in the next three years
Weather and pricing key to Asia’s winter LNG demand
Nuclear availability in Japan and South Korea will also be an important factor in determining overall LNG requirements
Security trumps all in Japan’s LNG strategy
Tokyo and Japan’s utilities continue to back LNG projects, even as the country’s demand declines
Japan’s appetite for LNG is poised to shrink in 2024
Planned reactor restarts and expiring supply contracts mean changes ahead for Japan’s well-established LNG sector
Oil and gas now has green licence
The hydrocarbons industry must start to deliver in 2024 on the quiet approvals granted at last year’s COP, which was also dubbed ‘Conference of the Petrostates’
Muted winter LNG outlook for NE Asia
Seasonal temperatures will prove critical, but the LNG demand prospects for China, Japan and South Korea are currently soft
Canberra stokes Tokyo’s LNG concerns
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East Asian LNG demand may not threaten Europe
Risks persist, particularly those related to weather, which could tighten gas availability for Europe
Former Japanese prime minister Shinzo Abe
Japan Renewables Nuclear
David Whitehouse
4 September 2020
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Japan wastes chance for energy rethink

The end of the Abe era is unlikely to lead the country to increase its unambitious target for renewables

Moves by Japan’s ruling Liberal Democratic Party (LDP) elite—in choosing a replacement for outgoing prime minister Shinzo Abe—to favour the voices of party lawmakers over rank and file members mean that a rare chance for a radical energy policy rethink is being lost. Abe’s chosen successor will complete the country’s longest serving prime minister’s curtailed term of office, which runs until September 2021. In normal circumstances, party lawmakers and rank and file members would have equal numbers of votes to make that choice. But Abe’s decision to resign due to ill health is being used to justify a reweighting of influence. The election process that starts on 8 September gives 394 votes to

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