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Japan plans to handle 100 million tonnes (Mt) of liquefied natural gas (LNG) imports by 2030, as it sees the supercooled fuel playing an important role in tackling global climate issues, Kallanish Energy reports.
According to analysts at IHS Markit, the Japanese government is currently working to revise its LNG development strategy, originally devised in 2016, to address decarbonization. “This will continue to be a key theme in other forthcoming plans, including the 6th Basic Energy Plan which details are due to be disclosed in 2021,” they added.
The world’s No.1 LNG importer has reaffirmed its commitment to LNG, despite also planning to increase the share of renewables in its energy mix. Japan wants to help to drive sustainable growth of LNG supply and demand, particularly in emerging markets looking at switching away from oil and coal.
Meanwhile, Japanese players are increasing their efforts to decarbonize the LNG value chain through carbon-neutral LNG supply, and the production of hydrogen and ammonia via carbon recycling and carbon capture and storage (CCS).
