Japan Buys Most Expensive Gas Shipment as Energy Crunch Bites

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Japan is expected to be the world’s top LNG importer this year, as it has purchased the most expensive ever natural gas shipment.

This move by japan is aimed at maintaining a high fuel stockpile and avoiding power shortages in the near future.

Tokyo has seen two major power crunches this year, including during a severe heatwave last month.

The government also urged industries and homeowners to use less electricity, while making a long-term effort to restart nuclear reactors.

Bloomberg

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