Japan

This is a JPY75.8b drop from the JPY64b profit last year. 

Natural gas holds the largest share in the country’s power mix.

LNG’s share in the power mix is expected to fall to 20% from 37%.

This led to a sharp increase in the annual base salaries ranging from JPY15m-20m. 

This is more than the 1% recorded in 2021.

LNG on-arrival prices rose 62% YoY in January, according to Fitch.

It is co-financed by the Sumitomo Mitsui Trust Bank.

Japan’s decision to align with other G7 nations ending financing of fossil fuels in other countries sounded a clear note of unity amid the tangled, conflicting commitments that are the norm in the global climate debate. The unified effort needed to create effective climate change action will however test Japan’s leadership role as it works to navigate competing interests successfully.

Nuclear power generation could rise 10.4% in 2022.

This could increase reliance on nuclear power.

The consortium was formed with Shikoku Electric Power Co., Inc. and Toho Gas Co., Ltd.

The Sansui plant is Baseload Capital’s third geothermal power plant in Japan.

The 800MW floating offshore wind plant is a project of Progression Energy.

But, approval of applications to restart nuclear power plants will remain a challenge.

The acquired solar plants has an enterprise value of $1b.

The IAEA review mission will visit Japan from 14-18 February.