As rich countries' demand for liquefied natural gas falls, some developing nations scramble to import LNG for the sake of energy security
This is AI generated summarization, which may have errors. For context, always refer to the full article.Dado Ruvic/ReutersAs rich countries' demand for liquefied natural gas falls, some developing nations scramble to import LNG for the sake of energy security
“Natural gas is methane, so therefore it will not be classified in any way as renewable energy,” said Lotilla during the budget hearing of the department at the House of Representatives in August. “That’s conventional fuel. It’s fossil fuel.”“We want to be frank with our people that at this time, we still need fossil fuels to balance the variable renewable energy.”
Whichever way the wind blows, natural gas is set to occupy a big chunk of the country’s energy mix in the near future. “As the Korea and Japan gas demand expected to go down, now they are trying to build their influence in the Southeast Asian market,” said Dongjae Oh of Seoul-based think tank Solutions for Our Climate , in an energy conference on September 3.This is what’s happening with Japan, which has now set its sights on South and Southeast Asian countries.
Rich nations pursue a cleaner future and pass down technology they no longer want to poorer countries. As they say, one man’s trash is another man’s treasure.
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