info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Japan Proposes To Set Up Global Emergency Reserve For Natural Gas

By Anshula Mandaokar , 16 August, 2023

Japan is one of the biggest importers of energy commodities, and the country suggests setting up a global emergency reserve for natural gas like the emergency reserve for oil requirements by the International Energy Agency (IEA) to control any future shortages and hikes in the prices of resources.

According to reliable sources, Japan is expected to put forward the idea of global emergency gas stock at a natural gas conference in Tokyo in July 2023. The European Union has a collective target to have gas storage sites to 90 percent by November 1st of every year after some geopolitical issues. Japan's proposal for an emergency reserve of natural gas is very similar to the IEA emergency oil stocks. Japan is the founding member of the IEA, among other countries, and is hopeful about the new proposal of the emergency reserve for natural gas to boost the security of the gas, as the sources said.

If the IEA implements the proposal to set up the global natural gas stock reserve, it will enhance the organization's significance in gas security. Along with this, the preparedness will always be there to supply in an emergency without disruptions. Japan also suggests that IEA collaborate with other nations for a clean Liquified Natural Gas (LNG) value chain to attain net-zero and gas security assurance in coming years.

Demand/ Supply Blance

NATURAL-GAS-STOCK-2023.jpg

Latest News

2025.png
Honda and Renesas Collaborate for Next-Gen Software-Defined Vehicles in 2025

In January 2025, Honda Motor Co., Ltd. and Renesas Electronics Corporation declared a strategic collaboration to create a high-performance system on a chip (SoC) designed for Software Defined Vehicles (SDVs). This cooperation is intended to bolster…

Read More

2025.png
NVIDIA's Mega Omniverse Master Plan: Revolutionizing Robotics and AI by 2025

 In 2025, NVIDIA is set to transform AI and robotics with its Mega Omniverse Blueprint, a framework for designing, simulating, and optimizing robot fleets within the digital twins of industrial environments. This new initiative combines NVIDIA's…

Read More

Diseases.png
How Vaccines Helped Eradicate Deadly Diseases – A 2025 Breakthrough

Public health has benefited dramatically from vaccinations, which have helped completely eradicate or significantly lower the frequency of lethal illnesses. Vaccines will still be among the most potent weapons available in 2025 to stop global…

Read More

2025.png
Oil Prices Crash in 2025: Biggest Weekly Drop Amid Tariffs & Oversupply

Oil prices stay on track as United States (U.S.) sanctions on Canada and Mexico keep diverting the market and stable supply levels support a significant weekly decline in 2025. Reuters said this is the biggest weekly decline since October…

Read More

2025.png
Quadric and Denso Team Up to Progress Automotive AI Semiconductors for 2025

The automotive industry will benefit significantly from strategic partnerships in artificial intelligence (AI) and its use in cars. AI integration into automobiles is projected to improve considerably in the year 2025 due to the formation of various…

Read More

Author Pic
Anshula Mandaokar

Team Lead - Research