Japan’s new energy strategy

Resource-poor Japan is barreling ahead to rev up its energy security, driven by the specter of another oil crisis, the global rush for energy resources and a simmering gas dispute with China.

The New National Energy Strategy, the draft outline of which was made known recently, is expected to call for, among other things, reduction in the oil-dependency rate to 40% or less by 2030 from the current 50%, promotion of nuclear energy, and securing of energy resources abroad through the fostering of more powerful energy companies.

AsiaTimes