Japan LNG strategy not right for Europe, argues think tank

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 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 mutli-faceted approach is not really a good-fit approach for the continent.