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ECONOMY > Energy

Japan to import shale gas from U.S. for first time

  • December 9, 2016
  • , NHK
  • JMH Summary

NHK reported this morning that Japan will import shale gas from the U.S. for the first time starting next month, saying that this is expected to lead to the diversification of Japan’s fuel procurement. According to the network, TEPCO and Chubu Electric Power Co. will import U.S. shale gas starting next month through their integrated company. About 70,000 tons of shale LNG will be imported and will be used as fuel at Chubu Electric’s thermal power plant in Joetsu. The network said the utilities are planning to import up to 700,000 tons of shale gas by January 2018. Noting that shale gas prices are set not by crude oil prices but by supply and demand, the network said other power companies and major trading companies are planning to import shale gas from the U.S. because they can control their procurement costs when crude oil prices are high.

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