Japan eyes new scheme to cap large firms’ gas use in supply crunch

Japan Today | Sep 6, 2022 at 11:00 PM
  • Japan looks to set up a scheme to enable a natural gas usage restriction order for large companies in the event of a sudden shortage, in a bid to address fears over energy supplies in the wake of Russia’s invasion of Ukraine.
  • The Ministry of Economy, Trade and Industry aims to revise the gas business law to establish the new scheme before demand picks up for this winter.
  • The global spot market of liquefied natural gas has become extremely tight.