In recent years there has become an acute awareness of the importance of energy security around the world, particularly in Japan. In 2011 a powerful tsunami from the Pacific knocked the Fukushima Daiichi nuclear power station offline, and led to Japan’s decision to close the rest of Japan’s 54 nuclear reactors.

Japan, being the world’s third largest economy, was left without the power it needed to fuel its economy. Tankers full of natural gas eventually got the country up and running again, and in the following year Japan consumed 37% of the...

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