Japan relies heavily on imported liquefied natural gas, Asian prices for which tend to rise along with crude oil. (Photo by Shun Kato)
MASATOSHI IDA
August 26, 2026 02:53 JST
TOKYO — Average wholesale electricity prices in Japan are forecast to jump nearly 40% on the year in the second half of 2026, according to the International Energy Agency, reflecting higher liquefied natural gas prices due to the turmoil in the Middle East.