The former head of one of Japan’s biggest energy companies says supply disruptions to Australian LNG would have a “huge impact” on millions across the country.
| The former head of one of Japan’s biggest energy companies says any disruption to the supply of Australian LNG would have a “huge impact” on millions of people across the country, as the Kishida government prepares for high-level talks with the Albanese government onAlthough stopping short of criticising Labor’s energy and emission policies, Michiaki Hirose, who was Tokyo Gas chairman until he retired in June, said Australian LNG was vital to keeping the lights on in large parts of Tokyo.
warned that Australia’s domestic policies on gas and climate threatened regional security in Asia because of the risks to energy supplies. Japan’s largest power generation company, JERA, is also believed to have raised concerns. Sources said Tokyo’s concerns about energy security would be on the table, although Labor has made it clear there would be no concessions to its safeguard mechanism, including
Mr Nishimura will join a 300-strong contingent of senior Japanese business heavyweights in Melbourne this weekend for the annual Australia-Japan Business Co-operation Committee conference. However, he also stressed that energy security was vital for Japan, which has few natural resources of its own. Last year, Tokyo Gas looked to sell stakes in four Australian LNG projects to private equity. It is a major gas supplier in Tokyo and other key Japanese cities.“Inpex is an upstream company, so there may be other concerns, but we are a downstream user, and I am not worried about the reliability of Australia’s LNG,” Mr Hirose said.
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