Read on Twitter
The energy industry will remember the Abe administration for some of these policies:
> Ambitious 2030 nuclear restart target
> Continued support for the atomic fuel cycle
> Establishing huge LNG infrastructure investment fund (and starting the LNG Producer-Consumer Conference) https://twitter.com/business/status/1299217476639690752
> Ambitious 2030 nuclear restart target
> Continued support for the atomic fuel cycle
> Establishing huge LNG infrastructure investment fund (and starting the LNG Producer-Consumer Conference) https://twitter.com/business/status/1299217476639690752
(Everyone’s tweeting about Abe, so I thought I’d join)
This Abe admin policy change was also big for LNG industry:
> New rules to allow state-owned Jogmec to support investment in LNG import terminals in other countries
In other words, Japan transforming into a country that helps foster global LNG demand https://asia.nikkei.com/Business/Energy/World-biggest-importer-Japan-to-invest-in-LNG-terminals-across-Asia
> New rules to allow state-owned Jogmec to support investment in LNG import terminals in other countries
In other words, Japan transforming into a country that helps foster global LNG demand https://asia.nikkei.com/Business/Energy/World-biggest-importer-Japan-to-invest-in-LNG-terminals-across-Asia
Japan’s government has also been a huge advocate for flexible LNG contracts
Their investigation into destination clauses, which concluded that some were in conflict with competition laws, helped boost the ability to divert cargoes
https://www.meti.go.jp/english/mobile/2018/20180822001en.html
Their investigation into destination clauses, which concluded that some were in conflict with competition laws, helped boost the ability to divert cargoes
https://www.meti.go.jp/english/mobile/2018/20180822001en.html
Meanwhile, Japan’s enormous power and gas markets were fully liberalised under Abe
The reform was a bid to boost competition and lower utility bills for consumers
Now, many international firms are looking to jump into the attractive market https://www.japantimes.co.jp/opinion/2015/07/05/editorials/electricity-and-gas-liberalization/#.X0ibF_fEnDs
The reform was a bid to boost competition and lower utility bills for consumers
Now, many international firms are looking to jump into the attractive market https://www.japantimes.co.jp/opinion/2015/07/05/editorials/electricity-and-gas-liberalization/#.X0ibF_fEnDs
While renewable power capacity jumped under the Abe administration, that was largely due to the Feed-In Tariff program that was kicked off by the previous government
However, his government has cleared the way to zone and build enormous offshore wind projects
However, his government has cleared the way to zone and build enormous offshore wind projects
Coal was a bit of a mixed bag under the Abe administration
Japan continues to support construction of new coal-fired power plants, and aims for it to makeup roughly 1/4th of the power mix by 2030
Japan continues to support construction of new coal-fired power plants, and aims for it to makeup roughly 1/4th of the power mix by 2030
But the administration also recently passed rules to shut over 100 older coal-fired plants, which is no doubt a step in the right direction https://www.japantimes.co.jp/news/2020/07/10/business/japans-coal-closures-whats-next/
Japan tightened rules on financing overseas coal-fired power plants, but received criticism for not outright ending support for the dirtier fuel
Japanese companies can (and likely will) continue exporting coal technology to poorer nations https://www.argusmedia.com/en/news/2122073-japan-maintains-coal-export-support-policy
Japanese companies can (and likely will) continue exporting coal technology to poorer nations https://www.argusmedia.com/en/news/2122073-japan-maintains-coal-export-support-policy
There will be a lot of discussion about Abe's legacy, but I think it is fair to say that his administration played a key role in shaping Japan's energy policy through (at least) 2030
Those rules/targets will likely be maintained by his party (the LDP) and the next Prime Minister
Those rules/targets will likely be maintained by his party (the LDP) and the next Prime Minister
