Japanese energy firms brace for possible supply cut from Russia

Reading this I am going to "brace" my pocket book for the increase in costs that get shoved down to me!

Just what Japan needs - energy price increases!

We could have been like India and other countries. Stay neutral. But no, we had to go along with the west. Over a hundred countries are staying out of this whole thing but our government has to be the bigger man. In the end is our little guys here that suffer from these decisions. Getting ready for ridiculous fuel and energy prices.

@Hiro We could have been like India and other countries. Stay neutral. But no, we had to go along with the west. Over a hundred countries are staying out of this whole thing but our government has to be the bigger man. In the end is our little guys here that suffer from these decisions. Getting ready for ridiculous fuel and energy prices.

Excuse me but you sound incredibly selfish... What if Russia was attacking Japan? Wouldn't you be happy that other countries helps you against them? Poutine is a selfish monster who is killing innocent people, just for his own greediness and self-esteem. As much as possible, he must not receive any money that could help him to ruin other countries.

Japanese will pay energy higher

Putin is laughing and will be richer!

8.8% is not that much and can be easily replaced from another source.

Stop panicking.

Which other source would that be? The market is saturated, LNG can't magically appear out of nowhere..

Even if Japan is ready to pay double or triple the price, there simply isn't enough LNG sold on the market to replace the Russian gas. Stopping the gas can easily amount to instantly shutting down 10% of the economy, and then cause a domino effect of losses and bankruptcies.

If and when Russian LNG supplies to Japan halts, which I personally don't think happen, certainly it might become serious challenge for Japan to resolve. City gas and electricity prices will certainly soar. Besides and with all my sympathy to the people of Hiroshima, they might struggle the most as they use special LNG ship to deliver LNG to Hatsukaichi LNG terminal and there are very few plants worldwide which could cater for such a small LNG vessel. Perhaps preparing for settlement in Russian rubles could be an intermediate solution if that would be condition for continued supplies.

All of these could have been avoided should Japanese government moderated its actions against Russia though...

For japan to step out of Russian LNG it will cost about the same or cheaper than it was to host the 2020 Olympics.

Japan Inc. have no one to blame but themselves for being in this s position, since the 1930s they have known they needed to find alternative ways to generate electricity and power vehicles. Instead they chose to be reliant on the US, Russia, Iran and other nations for energy.

It's not too late, but with the same government and business running things, they will have to play a quick game of catch-up. As long as the stuck in the past mindset prevails, and progress is seen as scary by the old folks in charge and a large percent of the population, Japan will be kept in the dark, in many ways. A start would be greater conservation efforts.

Continuing efforts to maintain a stable supply of fossil fuels .

Good job Japan !

And iam being sarcastic.

No nuclear weapons but nuclear power is ok.

Better get yer rubles ready.

That's if Russia will even sell anything to Japan anymore

Domino crisis effect

Maybe now the Japanese will begin to conserve fuel a bit better.

Idling cars, buses and taxis might decrease if the average Taro is paying a lot more for energy use

Here in the UK our energy bills have gone up 40-50% this month, Japan brace your self!

Japanese gas and energy firms are closely monitoring the developments of Russia's aggression in Ukraine, with some eyeing non-Russia players as alternative suppliers on concerns Moscow may reduce or suspend its natural gas supply

If you pay in roubles - it's no problem at all.

And "non-Russia players" already said to EU/US -

we have no extra gas

we have no extra oil.

Sorry.

In other words the G7 and the environmentalist are talking about the new green deal and clean energy. A smart person who has some money should start betting their money on electrical power and solar grids. This is the future . Coal at one time was a big money maker when petroleum came, coal was pushed to the back burner, and now Electrical and solar power is being pushed forward with less dependence on oil and gas. We may not like it but this is what the rich and powerful are pushing in the name of Climate control.