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They're not directly related as Australia sells LNG to Japan and Japan is buying oil from Russia, but it you have a read of the ABC article linked you see the f
by plugger 4y ago
They're not directly related as Australia sells LNG to Japan and Japan is buying oil from Russia, but it you have a read of the ABC article linked you see the following:
>"The consequence of these well-intentioned policies will be that the increasing energy demand in our region will be met by coal and not by natural gas," Mr Ueda told MPs at private parliamentary function.
>"The result will be much higher global greenhouse gas emissions and will make net zero by 2050 an impossible task.
>"On the geopolitical front, Australia's 'quiet quitting' of the LNG business has potentially very sinister consequences.
>He said the question of who would replace Australian supply into the market was front and centre.
>"Alarmingly, the 'inconvenient truth' is most likely that Russia, China and Iran fill the void," he said.
I don't think this is coincidence, and I do believe Japan has a lot to lose from the often talked about 'energy wars' given they have no resources to rely on domestically to fill these requirements.