During the meeting, we discussed the possibilities of expanding the export of Russian pellets to Japan. In the next few years, a significant increase in pellet consumption is expected in Japan, driven by the Japanese government's decarbonisation policy. The Japanese government introduces a subsidized (increased) tariff for the sale of electricity for power plants using renewable sources (FIT-tariff). To receive such a subsidy, Japanese companies must ensure the conclusion of long-term contracts for 90-100 thousand tons of pellets per year for a period of 10-15 years.
More details can be found in the proposals of the Trade Mission of Japan and the results of the meeting in the information letter to the RPU participants.