Japan Wants A Global Emergency Natural Gas Reserve ...Middle East

Japan, a major importer of energy commodities, plans to propose the creation of a global emergency reserve for natural gas, similar to the emergency reserve requirements for oil by the International Energy Agency (IEA), as the resource-poor import-dependent nation looks to avoid shortages and price spikes. Japan is expected to propose a global emergency gas stockpile at a natural gas conference in Tokyo on Tuesday, sources with knowledge of the plans told Bloomberg on Monday.   While the EU has a collective target to fill gas storage…

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