According to The Australian Financial Review, a top Japanese business leader and former head of Nippon Steel says Australian coal and gas will remain vital for Japan’s energy needs for decades, but fears the lack of new investment in fossil fuels threatens the country’s energy security.
Akio Mimura, the chairman of the Japan Chamber of Commerce of Industry who has overseen major investments in Australia, said it was vital that Japan maintained secure supplies of energy sources with Australia at a time when his country’s power needs looked increasingly fragile.
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