The Japanese government on June 27 warned of possible power shortages in the Tokyo area, and urged people to save energy as the country is experiencing an unusually intense heat wave.
The Ministry of Economy and Industry urges Tokyoites to save electricity in the afternoon, especially during peak hours – from 4 p.m. to 5 p.m. local time.
According to the AP, Japan’s electricity supply is relatively tight due to the country shutting down most of its nuclear reactors after the 2011 nuclear disaster as well as closing old coal plants to comply with deflation commitments. carbon emissions.
Japan also faces a shortage of imported fossil fuels amid Western sanctions against Russia for its military campaign in Ukraine.
Members of the Sri Lankan Air Force distribute coupons to buy petrol to people in the capital Colombo on June 27 Photo: REUTERS
Meanwhile, Taiwan Electric Company (China) has proposed to increase electricity prices by at least 8% for the industrial sector. The island of Taiwan relies heavily on imported coal and natural gas, but the prices of these two fuels have skyrocketed this year, and electricity consumption has set a record in recent days due to heat and a recovery. strength of the industry after the pandemic.
More seriously, the Sri Lankan government asked employees to work from home while schools were closed for the past week in the capital Colombo and surrounding areas. According to Reuters, Sri Lanka’s Energy Minister Kanchana Wijesekera said on June 26 that stocks only had about 9,000 tons of diesel oil and 6,000 tons of gasoline to maintain essential services in the coming days.
Sri Lanka on June 26 also raised fuel prices by 12%-22%, after a price hike in May pushed inflation in the country to 45.3%, the highest level since 2015. Sri Lanka is fighting the worst economic crisis in seven decades.
In Ecuador, President Guillermo Lasso announced on June 26 that he would cut fuel prices, after weeks of protests that led to clashes that left five people dead and about 500 injured. Meanwhile, the energy ministers of the European Union countries on June 27 discussed solutions to curb gas demand amid the bloc’s struggle with reduced supply from Russia.
Energy is also a hot topic at the ongoing summit of the Group of 7 of the world’s top developed economies (G7). Two sources told Reuters that some G7 leaders were calling for new investments in fossil energy, while US President Joe Biden called on allies to unite in the face of Russia as the crisis in Ukraine deepens. aggravate the global food and energy crisis.
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