According to The Australian Financial Review, it should not be a surprise that Japan’s Prime Minister Fumio Kishida is making a whistle-stop trip to Western Australia to seek personal assurance from Anthony Albanese that there is no risk to the 65 per cent of Japan’s coal and 36 per cent of its LNG that comes from Australia.
Australia’s Asian model is now set to become a green Asian model as the coal and gas is augmented and then replaced by hydrogen and new age metals for electrification. But Japan’s current anxiety shows that a successful energy transition depends equally on investment in fossil fuels being maintained until renewables fill in the gap.
There are a lot of resources in the world, but far fewer reputations for reliability. That is an asset in Japan’s eyes that Australia must guard.
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