Breaking News
• Latest Technology for Corrosion Protection of Aboveground Storage Tanks Tank Brigade Divison at iTanks 2017!    • LNG still at the forefront of Japan's energy future    • Covestro products #Push Boundaries at PU Tech 2017    • European construction equipment market performs well in a global context    • The Economic Times brought the 4th Edition of Power Focus Summit to India    • Shaping Infrastructure, Constructing Opportunities    • Supermajors Confirm Support Of Gastech Exhibition & Conference In Tokyo    • Canada to be bauma 2019 partner country    • Nitin Gadkari suggests to adopt new technology to push pace of building highways    • Highways authority could use the investment vehicle to mobilise funds.    • Suresh Prabhu for developing auto clusters at east, west coasts    • Delayed projects leading to cost overrun Rs 1.45L crore    • Mega monetization of public infra assets via InvIT model on cards?    • Panchshil to partner three global companies to push Smart City projects.    • Developing 4 Andaman & Nicobar islands gains momentum    • Smart City? Government recycles old proposals.    • Mumbai to Pune in just 25 minutes by 2024.    • Public Information: Jio has not launched any JioCoin App     • Anti-dumping duty, infrastructure push to boost tyre sector    • India's NIIF, Dubai's DP World to launch platform to invest in Indian infrastructure    • Indian Railways to Use Drones for Crowd Control    • Investment demand should revive after govt spending on infrastructure : SBI chairman    • Railways to invest Rs 50,000 crore to revamp Mumbai, Bengaluru suburban train network    • GIFT makes steady progress    • Top Indian Steelmaker Seeks to Buy Bhushan, Monnet Assets   

LNG still at the forefront of Japan's energy future

One of Japan's largest companies, the general trading giant and business developer Mitsui & Co., has underlined the importance of a stable liquefied natural gas (LNG) supply in order to fulfil future energy demand in Japan. Chief Operating Officer of Energy Business Unit II of Mitsui & Co., Hirotatsu Fujiwara, commented, “LNG and gas will continue to play an important role long-term in a low-carbon global economy.” He also stated that regardless of the fact it is forecasted that renewable energy may grow at a steady 2 percent per year, fossil fuels, especially LNG, will continue to be a significant source for meeting energy demand even in 2040.

As the world's largest importer of LNG – importing nearly one third of all global supplies – Japan relies on stable and trustworthy supplies of LNG. Following liberalization of its electricity market, which has led to new competition among electric utilities, Japan's retail gas market is also planned to be liberalized in 2017, which makes this year one of the most pivotal in the country's energy market. Major utilities such as Tokyo Gas and JERA (a joint venture between Tokyo Electric and Chubu Electric) are leading the way in driving new international partnerships with Asian customers seeking to drive improved terms and conditions in their fuel procurement. 

These recent movements in the energy market will be discussed and debated in early April in Tokyo, when the world's gas and LNG industries descend on Japan for the international Gastech Japan 2017 conference & exhibition – of which Mitsui & Co. are co-hosts, along with nine other major Japanese energy stakeholders including Tokyo Gas, JERA, Mitsubishi, INPEX, ITOCHU, JAPEX, JX Group, Marubeni and Sumitomo Corporation.

The event arrives in Japan for the first time in its 45-year history, during a pivotal period for Japan's energy industry and the government's energy policy. It will allow the world's largest customer of LNG to host the world's leading suppliers and industry professionals, with more than 20,000 expected to attend the exhibition and around 2,000 to attend the conference. Mr Fujiwara of Mitsui & Co. further comments that; 

“We are proud to be one of the hosting companies of Gastech 2017, as it serves as an essential platform for networking among players in the global gas industry including producing countries and customers. We are expecting innovative discussions at Gastech on the production and liquefaction of gas, and we're excited to see many of the technology and engineering companies getting involved.”