Jan 14, 2012

Energy-hungry Japan in $34bn Australia gas deal

TOKYO: Japanese energy firm Inpex and French giant Total on Friday announced a huge $34 billion gas project in Australia, as Tokyo looks for alternatives to nuclear power in the wake of the Fukushima disaster. Japan has virtually no hydrocarbon resources of its own and is the world’s biggest importer of liquefied natural gas (LNG) to drive its energy-hungry economy, the third largest on the planet.

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