Japan revises its 2030 power mix targets, cutting fossil fuels and raising renewables in a bid to reduce pollution. The biggest loser: LNG
Under the draft plan, annual LNG power generation is slated to fall roughly 50% by the end of the decade. That’s more than coal!
This is a surprising shift for Japan, the world’s top LNG importer that pioneered the industry.
Japan will require less LNG in 2030 than its previous plan, posing a potential dilemma for its suppliers from Qatar to Australia.
Source: Stephen Stapczynski (kindly follow Stephen on Twitter)