Subscribe free to our newsletters via your
. Energy News .




ENERGY NEWS
Japan eyes Mozambique for cheaper coal, gas
by Staff Writers
Maputo (AFP) Oct 29, 2012


Japan signed a memorandum of understanding with resource-rich Mozambique on Monday as it ramps up its hunt for new sources of energy after it shuttered all but two of its nuclear reactors.

The deal will allow Japan, still scarred bythe melt-down at the Fukushima nuclear plant last year, to tap the African country's natural resources.

Japan hopes Mozambique's vast coal and natural gas reserves can become a source of cheaper fuel, allowing it to break its reliance on suppliers in Australia and Qatar.

"Mozambique could be one of the most important suppliers of mineral resources for our country," said visiting State Minister of Economy, Trade and Industry Isao Matsumiya in Maputo.

The Asian country gets over 60 percent of its thermal coal and 20 percent of its natural gas from Australia. It hopes to secure a steady supply of both from Mozambique, at lower cost.

"Diversification is something we have to think of," Toshihiko Fujii, an official with Japan's trade and industry ministry, told AFP.

"Mozambique is a big, big player," he said.

With Japan turning away from nuclear power, coal-fired power now accounts for roughly a quarter of its energy output, and prices have risen sharply this year.

Japan asked Mozambique to speed up the awarding of a coal mining concession to its Nippon Steel, which plans to begin producing both coking coal for steel and thermal coal to fire power plants back home by 2014.

Nippon holds a 33-percent stake in the project mooted for the Moatize basin, one of the largest untapped coal reserves in the world.

Mozambican officials told AFP a decision on the concession was imminent.

Japan has also come to rely heavily on natural gas imports since the earthquake. It is facing soaring prices as they are index-linked to oil prices.

The high cost of importing liquid natural gas was partially blamed for Japan's first trade deficit in three decades, in 2011.

Meantime Japan's Mitsui Corporation has partnered with US-based Anadarko to exploit up to 30 trillion cubic feet of gas discovered in deep water off Mozambique's northern coast.

The plant is to come on stream by 2018.

"We hope the resource will be supplied to Japan in a stable manner and at a fair price," said Matsumiya.

.


Related Links







Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





ENERGY NEWS
China energy giant Sinopec sees Q3 net profit fall
Hong Kong (AFP) Oct 28, 2011
Chinese oil giant Sinopec, Asia's largest refiner by capacity, said Sunday that third-quarter net profit fell 9.4 percent from a year earlier due to a lower contribution from its chemicals business. Sinopec reported a net profit of 18.33 billion yuan ($2.9 billion) for the three months ended September 30, a 1.89 billion yuan drop from 20.22 billion yuan in the same period last year. The ... read more


ENERGY NEWS
Poland hails carbon allowances compromise

Global headwinds trouble India's Suzlon

China energy giant Sinopec sees Q3 net profit fall

Japan eyes Mozambique for cheaper coal, gas

ENERGY NEWS
Oil prices drop as hurricane blasts US East Coast

Obama shows support for natural gas

Crude down in Asia as hurricane threatens US

Utah oil sands projects gets green light

ENERGY NEWS
China backs suit against Obama over wind farm deal

DNV KEMA awarded framework agreement for German wind project developer SoWiTec

Sandia Labs benchmark helps wind industry measure success

Bigger wind turbines make greener electricity

ENERGY NEWS
Tokelau achieves renewable power

Next-generation antireflection coatings could improve solar photovoltaic cell efficiency

Scientists demonstrate high-efficiency quantum dot solar cells

ABC SOLAR To Develop FIT Power Generation Plants In Japan; Inks MOU With European Firms

ENERGY NEWS
IAEA team tours India nuclear plant after radiation leak

Czechs reject French Areva appeal of nixed bid on nuke plant

Czechs, Slovaks join forces in defence of EU nuclear power

Japan's Hitachi to buy Horizon for $628 mln: reports

ENERGY NEWS
Scientists build 'nanobowls' to protect catalysts needed for better biofuel production

Boeing-COMAC Technology Center Announces First Biofuel Research Project

Serbia marks opening of new biogas plant

Large-scale production of biofuels made from algae poses sustainability concerns

ENERGY NEWS
China to launch 11 meteorological satellites by 2020

China makes progress in spaceflight research

Patience for Tiangong

China launches civilian technology satellites

ENERGY NEWS
Feeling hot, hot, hot

EU on track to exceed Kyoto emissions goal

EU on track for Kyoto and 2020 emissions targets

Pollution tax stokes Australian inflation




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement