Japan’s investment drive in LNG faces risk of souring – study – ZAWYA

Japan’s investment drive in LNG faces risk of souring – study – ZAWYA

Japan's investment drive in LNG faces risk of souring - study | ZAWYA MENA Edition HomeMarketsCommoditiesArticleJapan's investment drive in LNG faces risk of souring - study Japan is the world's biggest importer of LNG    TOKYO- Japan's banks and public agencies have funnelled nearly $25 billion into liquefied natural gas (LNG) projects since 2017 but the investments may sour as prices plummet from the COVID-19 pandemic and as climate change risks rise, a new study shows.Spurred on by the government to boost energy security since the 2011 Fukushima disaster shut down the country's reactors, Japan's investment in LNG rivals that for coal, the dirtiest fossil fuel, while more evidence is emerging of the high climate impacts from LNG and gas.The backing of high-risk projects that require decades of sales to return investments looks questionable, with some facing the risk of delay or being scrapped, the study by Global Energy Monitor (GEM) released to Reuters showed.Spurred on by the government to boost energy security since the 2011 Fukushima disaster shut down the country's reactors, Japan's investment in LNG rivals that for coal, the dirtiest fossil fuel, while more evidence is emerging of the high climate impacts from LNG and gas.TOKYO- Japan's