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Japan to develop methane hydrate technology in FY 2018

TOKYO, Feb. 28 — Japan will develop commercially viable technology for seabed methane hydrate, viewed as a next-generation energy source, in fiscal 2018 according to a draft new basic plan on ocean policy made available Wednesday.

Prime Minister Shinzo Abe's government is trying to formalize the envisioned plan next month believing development of marine resources should be a pillar for the country's growth strategy, a government source said.

Methane hydrate, an ice-like substance consisting of methane gas trapped in ice below the seabed, is believed to exist around Japan, with deposits estimated to be sufficient to cover domestic consumption of natural gas for about 100 years.(PNA/Kyodo)

LOR/PJN

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