Business Maverick: Japan may ask public to cut back on natural gas usage

Japan may ask households and businesses to cut back on natural gas use on concerns that stable supplies from Russia could be disrupted.

The country’s trade ministry will create a framework allowing it to call on large companies to curb gas use when supply is tight,has reported, without saying where it got the information. The government will first ask households and businesses to curb gas usage and if that’s not enough to avoid supply shortages, will follow up with specific conservation targets, the report said.

Japan is expected to have enough power supply this week, with rainy weather expected to lower temperatures in several parts of the country. The power-reserve ratio, which measures spare capacity of generators, is expected to be lowest for the Tokyo area on Wednesday at 7.1%, according to the trade ministry, still above the 3% needed for a stable grid. Japan’s next-day spot electricity price settled at 31.

Is there still a government in SA - do they understand the implications of business cutting back on their production levels?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Sri Lanka president plans to resign after presidential palace stormedEconomic activity has ground to a halt as citizens endure hours-long daily power outages. Anger against the president had been brewing for months as the country is in the worst tailspin of its independent history, with inflation seen hitting 70%. Just reading the tweet and not the article ... This could be SA nevermind Sri Lanka... Phala phala next I acted on faith, I'm now reaping the reward of that bold step and making more money than I couldn't even imagine all thanks to an amazing woman fx_sarah_jeff
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Evergrande suffers first rejection on local bond extensionA credit crunch at the Chinese property giant roiled markets last year as authorities embarked on a sweeping clampdown of the nation’s debt-saddled property sector. If Evergrande fails to repay the local bond, it could mark the developer’s first official delinquency on a domestic note, after it defaulted on dollar-bond payments in December. I acted on faith, I'm now reaping the reward of that bold step and making more money than I couldn't even imagine all thanks to an amazing woman fx_sarah_jeff
Source: dailymaverick - 🏆 3. / 84 Read more »