JAPAN'S JERA WILL INVEST $32 BILLION IN LNG, RENEWABLES AND NEW FUELS OVER DECADE

Japan's top power utility JERA said on Thursday it plans to invest 5 trillion yen ($32.4 billion) over the coming decade into renewable energy and new fuels such as hydrogen and ammonia, as well as liquefied natural gas (LNG). By fiscal year 2035, Japan's top LNG buyer is targeting over 35 million metric tons in annual LNG transaction volumes, keeping the current levels.

JERA also wants to boost renewable energy capacity to 20 gigawatts from 5 GW now and handling volume of hydrogen and ammonia to 7 million tons from none now. JERA wants to secure stable LNG supply for Japan and elsewhere in Asia and provide solutions to address fluctuations in demand for the fuel while maintaining market share, Kani said. Each of the three focus areas would receive 1 trillion to 2 trillion yen in investment over the decade, JERA said, with carbon dioxide emissions falling by at least 60% from 2013.

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