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United Kingdom

Aaron Sheldrick

Oil drops as OPEC+ delays talks, raising supply alarm

6:11am GMT

TOKYO Oil prices fell on Tuesday as concerns over mounting supply returned to the fore after leading producers delayed talks on 2021 output policy that could extend cuts as the coronavirus pandemic continues to sap fuel demand.

Japan bird flu outbreak spreads to farm in 4th prefecture

2:10am GMT

TOKYO Bird flu has been detected in a fourth Japanese prefecture, the agriculture ministry said on Tuesday, as a wave of infections at poultry farms sparks the country's worst outbreak in more than four years.

UPDATE 1-Japan power derivatives electrify market as foreigners plug in

27 Nov 2020

TOKYO, Nov 27 Trading of a Japanese power market derivative offered by the European Energy Exchange (EEX) has surged in the six months since its launch as overseas traders and investors pile into the world's fourth-biggest electricity market.

Japan power derivatives electrify market as foreigners plug in

27 Nov 2020

TOKYO, Nov 27 Trading of a Japanese power market derivative offered by the European Energy Exchange (EEX) has surged in the six months since its launch as overseas traders and investors pile into the world's fourth-biggest electricity market.

UPDATE 2-Oil rally stalls despite surprise fall in U.S. stocks

26 Nov 2020

TOKYO, Nov 26 Oil slipped on Thursday, stalling a rally driven by a surprise fall in U.S. crude inventories that added to bullishness over expectations progress on vaccines may end the coronavirus pandemic and revive fuel demand.

As more countries pledge zero emissions, coal finance evaporates

24 Nov 2020

TOKYO Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping the world, participants at Asia's biggest gathering of the coal industry said on Tuesday.

Japan lawmakers declare climate emergency after government sets zero emissions goal

19 Nov 2020

TOKYO Japanese lawmakers on Thursday declared a climate emergency in a symbolic vote aimed at increasing pressure for action to combat global warming after the government last month committed to a firm timetable for net-zero emissions.

UPDATE 1-Tohoku Electric gets nod to restart reactor damaged in 2011 disaster

11 Nov 2020

TOKYO, Nov 11 Japan's Tohoku Electric Power said on Wednesday it had received the green light from a local governor to restart one of its nuclear reactors, nearly a decade after it was damaged in the earthquake and tsunami that caused the Fukushima disaster.

Tohoku Electric gets governor's nod to restart reactor damaged in 2011 disaster - report

11 Nov 2020

TOKYO, Nov 11 Japan's Tohoku Electric Power has got the green light from a local governor to restart one of its nuclear reactors, nearly a decade after it was damaged in the earthquake and tsunami that caused the Fukushima disaster, Kyodo News reported.

UPDATE 1-Japan spot LNG import price rises to highest this year

11 Nov 2020

(Adds milestone, detail, graphic) By Aaron Sheldrick TOKYO, Nov 11 Prices for spot liquefied natural gas (LNG) cargoes imported into Japan, the world's biggest buyer of the fuel, rose to a 2020 high in October, recovering from record lows earlier this year as demand recovers from the COVID-19 pandemic. The average contract price for spot LNG cargoes shipped to Japan in October rose to $6 per million British thermal units (mmBtu), according to data released by the Ministry of Economy, Trade and Industry (METI) on Wednesday. That was higher than $4.50 mmBtu in September and $2.20 mmBtu in May, the data showed. The price for LNG cargoes imported into Japan - reflecting actual prices paid rather than those derived from surveys or indices - has more than doubled since its May low, when the pandemic eviscerated demand for gas and other commodities. The world's third-largest economy is slowly recovering from its biggest post-war economic contraction and now has relatively low numbers of new daily coronavirus infections, even as a fresh wave ravages Europe, the United States and other parts of the world. Industrial activity is returning, driving demand for electricity, with LNG being one of Japan's main fuels for power generation. METI surveys spot LNG cargoes bought by Japanese utilities and other importers, but excludes deals linked to benchmarks such as the U.S. natural gas Henry Hub index. It only publishes a price if there is a minimum of two eligible cargoes reported by buyers. (Reporting by Aaron Sheldrick; Editing by Devika Syamnath)

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