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Japan calls for developing world natural gas projects to be funded

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Japan should be using wave and tidal power to generate power -there is plenty of ocean to do so…

-2 ( +4 / -6 )

Why? Makes no responsible reasoning.

-3 ( +2 / -5 )

And there are plenty of companies out there that produce them

Several years ago I watched one such unit produce power using wave motion at sea.

Here are the companies

https://www.emec.org.uk/marine-energy/tidal-developers/

0 ( +3 / -3 )

Biogas. Plenty of that stuff. Some of the Kobe buses run on it. More self-sufficient homes and cars reducing the central demand for power.

Many solar panel places are becoming less efficient with the owners not maintaining them with overgrown weeds and bird droppings reducing the outputs.

Bladeless wind turbines out at sea.

The largest tidal power plant is in S. Korea. With an output capacity of 254MW, the Sihwa Lake tidal power station is located on Lake Sihwa.

-3 ( +0 / -3 )

Japan should be using wave and tidal power to generate power -there is plenty of ocean to do so…

It does:

1)Japan enters tidal energy era with power from maiden in-stream tidal turbine

https://www.rechargenews.com/innovation/japan-enters-tidal-energy-era-with-power-from-maiden-in-stream-tidal-turbine/2-1-963258

2)Tidal power project in Canada’s Bay of Fundy secures support of Japanese firms

https://www.cnbc.com/2021/08/06/tidal-power-project-in-canada-secures-support-of-japanese-firms.html

3) Simec Atlantis Japanese tidal plant passes local test

https://renews.biz/69777/simec-atlantis-japanese-tidal-plant-passes-local-test/

1 ( +2 / -1 )

Lets see how Europe and The US handles the coming winter, which is going to long and cold. Japan is fully stock up of Natural gas with coal and nuclear power. Lets see who stays warm in the winter and who doesn't. Japan did a great job with its energy policy. Look at Europe and the US. What a joke.

3 ( +6 / -3 )

The forecasts:

NG:

Natural gas futures went down to $5.5 per million British thermal units on Friday, as demand for next week is seen lower-than-expected as the weather will likely remain mild until the end of October. Still, as prices remain elevated and not far from a seven-year high of $6.5 early hit earlier in the month, amid strong demand during the winter heating season and depleted inventory levels, especially in Europe and Asia. The EIA forecasts that natural gas prices at the US benchmark Henry Hub will average $5.67 per million British thermal units between October and March, the highest winter price since 2007–2008.

Propane:

Propane increased 0.83 USD/GAL or 128.94% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Propane is expected to trade at 1.51 USD/GAL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.65 in 12 months time.

Heating Oil:

Heating oil futures were above $2.5 a gallon, close to levels last seen in November 2014, tracking oil prices higher and benefiting from supply disruptions and rising demand ahead of winter in the northern hemisphere. Oil production in the US Gulf platforms is still below the levels they were before Hurricane Ida hit while inventories of US distillates are enough to meet 31.2 days of demand, the tightest for this time of the year since 2000, according to the Energy Information Administration. The oil and gas market is also receiving support from substitution effects amid soaring natural gas prices.

Heating oil is expected to trade at 2.57 USD/GAL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.75 in 12 months time.

EU NG

Dutch Natural Gas futures have been trading around 85.7 euros a megawatt-hour, well below record levels above 160 reached earlier in October on easing concerns about tight supplies after Russia, Europe’s biggest gas supplier, pledged to send more gas via Ukraine than it’s contracted to this year. Yet, the natural gas market remains almost 350% higher so far this year, amid a strong rebound in demand and reduced inventories ahead of the winter season. At the same time, heating demand is expected to increase due to forecasts of below-normal temperatures while wind generation is set to drop.

UK NG

UK Natural Gas futures traded around 217 pence a therm, having touched a record high of near 408 earlier in October, as supply concerns eased slightly after Russia’s President Putin said Gazprom may increase supplies to help Europe. Cold weather, a surge in global energy demand and dwindling supply from Russia have triggered a spike in gas prices in recent months. The UK is particularly exposed to the risk of shortage amid limited storage gas capacity after the closure of its Rough storage facility owned by Centrica in 2017, forcing the country to rely more on pipeline and liquified natural gas imports.

0 ( +1 / -1 )

*[T]he Japanese government said the "most efficient measure" should be implemented by taking into account each country's circumstances.*

*The Japanese government argued that if multilateral development banks are required to refrain from supporting projects just because they are related to natural gas, it would be a worse outcome for the reduction of greenhouse gas emissions, adding, *"It is not sensible."

Phrases you REALLY don't hear very much at international conferences these days.

Can we borrow this gentleman / gentlewoman for awhile?

1 ( +2 / -1 )

The real system only works with growth and that new eco religion demands for reductions. That doesn’t fit and won’t work.

1 ( +2 / -1 )

The “collective” should be building nuclear power plants for the developing world if the truly believe what they say about climate change.

-2 ( +1 / -3 )

Compress air turbine,

-3 ( +0 / -3 )

"Japan outlined criteria for providing aid in such cases, such as when there is no alternative option"

How is there no alternative unless you're making it too expensive? There's a pretty easy solution to that.

-1 ( +0 / -1 )

Japan should be using wave and tidal power to generate power -there is plenty of ocean to do so…

The article is about powering developing countries, many of which are landlocked and have no sea shore.

-1 ( +0 / -1 )

How is there no alternative unless you're making it too expensive? There's a pretty easy solution to that.

Oh it always looks so easy. Solar and wind power are too intermittent to provide a base load for a grid. Battery banks have not been designed that last more than four hours at night. Renewables alone is not going to be the answer. Think of a hot, humid, windless summer night. Rely on renewables? Laughable. For baseload there has to be a power source that can produce electricity in any conditions. Not every nation has rivers suitable for hydropower and big dams have very large environmental impacts, most of them negative. Big dams are also quite expensive to build and operate. Nuclear power is likewise very expensive. That leaves diesel powered generators or thermal plants running on coal, oil or natural gas. Of the three natural gas fired power plants are the cleanest. No, they are not ideal but until someone figures out ideal they are a better choice than what most nations default to, coal power.

-1 ( +0 / -1 )

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