Japan's average price for imported liquefied natural gas (LNG) fell to its lowest since September 2009, dragged down by declining oil markets, offering relief to the countries' utilities which had been burning record amounts of the fuel after the Fukushima disaster. LNG import prices averaged $8.84 per million British thermal units (mmBtu) in May, the lowest since $8.28 in September 2009, Reuters calculations based on finance ministry data showed on Monday.
Japan’s $405million offshore wind project is set to gain a 7-megawatt turbine. The turbine, which will be the largest of its kind ever to be used at sea, will generate power 12 miles (20km) off the coast of Fukushima.
Japan is proposing to cut its greenhouse gas emissions by up to 26% by 2030 amid international efforts to set a new framework for addressing climate change. The final draft of the government target, released today, says Japan will aim to cut carbon dioxide emissions by 26% by 2030 compared to 2013 levels, or 25.4% from 2005 levels. That is below the US target of a 26-28% cut by 2025 from 2005 levels, and the European Union’s target of 40% from 1990 levels.