The Japanese model of liquefied natural gas (LNG) investment is not suitable for Europe, according to the clean energy-leaning think tank the Institute of Energy Economics and Financial Analysis (IEEFA).
The European Commission’s recently published Affordable Energy Action Plan stated that Europe should consider following the same path as Japan, which encourages direct overseas investment in export projects and joint purchasing by European importers.
But a new IEEFA paper argues that Japan’s complex, costly and multi-faceted approach is not really a good fit for the continent.
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