JAPAN is one of the world's largest funders of fossil fuel projects worldwide and is keen on expanding its vast network of energy plants alongside its maze of pipelines that crisscross Asia and the world. From 2020 to 2022, it funded around $6.9 billion on average each year in coal, gas and oil projects around the world. This dwarfs in comparison to the $2.3 billion they invest each year in renewable energy. In particular, Japan is among the world's largest buyers of liquefied natural gas (LNG) and is also aggressively developing alternative fuels to power its fossil fuel plants, like hydrogen and ammonia.
Domestic demand for Japanese gas has been declining in recent years, so therefore the government and utility companies set out to dump their excess gas on other countries.
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