Rising Asian LNG demand could cause a supply crunch
Japan sees long-term role for LNG
Natural gas will be an essential part of Japan’s plan to be carbon-neutral by 2050 and beyond
Japan’s plan for net-zero carbon emissions by 2050 includes a 46pc reduction in greenhouse gas emissions by 2030. The country’s powerful Ministry of Economy, Trade and Industry (Meti) forecasts that, by 2050, 50-60pc of Japan’s energy mix will come from renewables, 30-40pc from nuclear and thermal generation—with integrated carbon capture, utilisation and storage—and the remaining 10pc from hydrogen or ammonia-fired generation. The ministry also sees large roles for hydrogen and ammonia in transport and industry as Japan transitions into a “hydrogen society”. But, along the way, Japan sees gas-fired power as important for its transition and will support such projects, both domestically and a
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