Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country's new electricity generation targets will shake the market up.For many years Japan has been viewed as a largely steady source of demand for liquefied natural gas (LNG) and thermal coal used in power generation, with small variations in the volumes imported on a year-by-year basis鈥
On August 31, Ørsted will shut down its last coal-fired combined heat and power plant, Esbjerg Power Station, located in the Western part of Denmark.The yearly consumption of coal at Esbjerg Power Station has been approximately 500,000 tonnes鈥
DNV has released the 7th edition of its Energy Transition Outlook highlighting that global energy-related emissions are still climbing and are only likely to peak in 2024. 鈥淭he pace of the transition is far from fast enough for a net-zero energy system by 2050鈥
