SOURCE: Industrial Info Resources

Industrial Info Resources

November 11, 2010 05:20 ET

Japan Begins Incorporating More Natural Gas in Power Sector, an Industrial Info News Alert

TOKYO--(Marketwire - November 11, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In recent years, the Japanese government has been encouraging the use of natural gas in power plants across the country to help combat global warming. Japan is a major consumer of natural gas and has more than 40 liquefied natural gas (LNG) terminals that handle up to 3 trillion cubic feet per year of LNG imports. Last year, Japan consumed at least 3.3 trillion cubic feet of natural gas, with the remaining 3 billion cubic feet produced domestically. The country's natural gas reserves have declined by 662 billion cubic feet since 2007, when they were last measured at 1.4 trillion cubic feet.

The Federation of Electric Power Companies of Japan (FEPC), which includes Tokyo Electric Power Company Incorporated (TYO: 9501) (TEPCO) (Tokyo, Japan) and Shikoku Electric Power Company (TYO: 9507) (Yonden), generates more than 85% of Japan's total installed capacity and is beginning to increase the number of natural gas-fired plants, as well as take measures to expand LNG capacity.

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