Italian energy company Eni has signed a Memorandum of Cooperation with the Japan Organisation for Metals and Energy Security (JOGMEC) to diversify liquefied natural gas (LNG) supply sources.
The collaboration hopes to promote the roles of gas and LNG in the energy transition. Specifically, the duo will promote the role of gas and LNG in achieving carbon neutrality.
Based on the latest IEA report from 2023, the top four of the top five net importing countries were all based in Asia. Between 2020 to 2022, Japan imported 94.8 billion cubic metres of LNG, the report suggests.
According to market research, around 70% of Japanese LNG imports are used for power generation, with the remaining 30% being used by town gas consumers.
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