Japan increases LNG reserves

Japanese utility companies are having a hard time finding energy sources, after Prime Minister Fumio Kishida announced a ban on Russian coal and other sanctions.

Mr. Kishida is seeking to balance energy security for the world’s third-largest economy in the face of growing pressure from the G7 over sanctions against Russia.

Japan’s Ministry of Economy, Trade and Industry has directed power companies to ensure that they have enough energy reserves for three weeks, and has called on gas and electricity companies to sell reserve gas. room for each other.

Ministry officials are also discussing measures to use LNG with industry representatives.

Japan aims to reduce its dependence on Russian energy, but it continues to import from the Sakhalin oil and gas projects in Russia’s Far East, where the government and Japanese companies hold shares. part.

In the face of uncertainty related to energy imports from Russia, Japanese utility companies have begun looking for ways to replace Russian gas, including looking to buy more gas directly from Russia. manufacturers to avoid the spot market, where prices are five times more expensive.

* Invite readers to watch the programs broadcast by Vietnam Television on TV Online and VTVGo!