TOKYO:Japan's tight power market will remain unpredictable as temperatures could drop again and there are risks of technical glitches at aged power plants and a further drop in fuel inventories, the head of utilities industry said on Friday.This month Japanese utilities have called on the public to save power as electricity demand for heating surged with frigid temperatures gripping much of the country, sending power companies scrambling for extra supplies, especially liquefied natural gas (LNG), to fuel power stations."Electricity demand has soared since late last year due to serious cold storms," Kazuhiro Ikebe, the chairman of the Federation of Electric Power Companies of Japan (FEPC), told a news conference.Ikebe, also the president of Kyushu Electric Power, said the crunch came also because of lower output by solar power due to heavy snow and a lack of sunshine, as well as shortages of LNG supply due in part to a logjam in the Panama Canal, where vessels transit from the U.S. Gulf … [Read more...] about Japan’s power market to remain unpredictable as demand surges -industry head
Japan to china flights
CPTPP interest proof of China’s further opening-up
"As China has been underlining further opening-up, in particular after signing the Regional Comprehensive Economic Partnership agreement with 14 partners in November and completing in-principle talks on an advanced investment treaty with the European Union last month, it is well prepared in many industries, such as opening-up of the financial services sector," said Wei Jianguo, vice-chairman of the China Center for International Economic Exchanges. … [Read more...] about CPTPP interest proof of China’s further opening-up
China to greenlight RCEP in six months
The country is getting ready for the future changes in Customs duties, as well as adoption of common rules of origin, or the criteria that determine where a product is made, to ensure the fulfillment of its obligations for tariff reductions when the agreement takes effect, he said. … [Read more...] about China to greenlight RCEP in six months
China Covid-19 cases surge to over 10-month high; travel discouraged
China reported the highest number of daily Covid-19 cases in more than 10 months, official data showed on Friday, due to a severe outbreak in the northeast that has put more than 28 million people under lockdown. A total of 144 new Covid-19 cases were reported on Jan. 14, the National Health Commission said in a statement, up from 138 cases a day earlier and marking the highest daily increase since 202 cases reported on March 1.Total case numbers remain well below what China saw at the height of the outbreak in early 2020, but concerns about a new country-wide wave are growing with a major national holiday a month away and estimates of 296 million railway passenger trips during the Lunar New Year break.The commission said 135 of the new cases were local infections, 90 of which were in Hebei province surrounding Beijing that has been hit hardest in the latest wave. Another 43 cases were reported in northeastern Heilongjiang province, with Guangxi and Shaanxi provinces each reporting one … [Read more...] about China Covid-19 cases surge to over 10-month high; travel discouraged
Formula One postpones Australian GP, China uncertain
"It is great news that we have already been able to agree a rescheduled date for the Australian Grand Prix in November and are continuing to work with our Chinese colleagues to find a solution to race there in 2021 if something changes." … [Read more...] about Formula One postpones Australian GP, China uncertain