How Japan's 'flammable ice' breakthrough could revolutionize the energy industry

The country may have found the successor to fracking

Deep-sea drilling
(Image credit: REUTERS/Kyodo)

On Tuesday, Japan became the first country to ever successfully extract natural gas from underwater deposits of methane hydrate, a frozen gas sometimes referred to as "flammable ice." The breakthrough could be a boon to the energy-poor nation, which imports almost all of its energy. And if the technology proves commercially viable, it could benefit other countries — including Canada, the U.S., Norway, and China — that are also seeking to exploit methane hydrate deposits.

Japan has reportedly spent hundreds of millions of dollars in pursuit of flammable ice, a Holy Grail that could satisfy the country's future energy demands as Japan weans itself off nuclear power in the aftermath of the leak at the Fukushima Daichii plant. Japanese officials are virtually giddy at the prospect. "Japan could finally have an energy source to call its own," proclaimed Takami Kawamoto, a spokesperson for the Japan Oil, Gas, & Metal National Corp. (Jogmec), the government-run company that is leading the effort.

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Ryu Spaeth

Ryu Spaeth is deputy editor at TheWeek.com. Follow him on Twitter.