Reuters: Japan's Nuclear Plan is Bad News for LNG, Coal
The rise of China and India as energy importers has largely consigned Japan to the sidelines, but the world's third-largest economy still exerts significant influence in some markets.
That's why Japan's long-term energy vision is too important to be ignored, given it is the world's top importer of liquefied natural gas (LNG), number three in coal and four in crude oil.
A consultative committee on Monday endorsed the government's blueprint for the energy mix it hopes to achieve by 2030, with the proposal now open for public comment for a month ahead of a likely formal approval by the trade ministry mid-July.
While the proposal has attracted controversy over a plan for nuclear energy to generate 20-22 percent of the nation's electricity, it's also worth noting how it sees the rest of the generating mix.
Renewables are set at 22-24 percent, LNG at 27 percent and coal at 26 percent. MORE