Japan Gas Lobby urges stronger diplomatic efforts to drop LNG Destination Clauses
The head of Japan Gas Association urged on Friday the government to intensify diplomatic efforts in order to eliminate destination clauses from long-term contracts for liquefied gas.
As tensions in the Middle East increase, demand worries are offset.
The oil prices rose on Monday, as the heightened tensions that followed the rebels' overthrow in Syria of President Bashar al Assad offset concerns about the weak Chinese…
Tokyo Gas president: Asset sales will boost capital efficiency by Tokyo Gas
Tokyo Gas wants to increase capital efficiency through the sale of underperforming assets including real estate. This was announced by its president on Thursday following…
JERA Japan says sanctions against Gazprombank will not affect its LNG supply
JERA's president stated that the new U.S. sanction on Gazprombank will not affect its purchase of liquefied gas from Russia's Sakhalin-2 Project, because it does no use the lender to settle payments.
Japan's JERA will restart coal-biomass combustion at Taketoyo by 2027
JERA, Japan's largest power generator, announced on Friday that it will restart coal and biofuel co-firing in its Taketoyo Thermal Power Station in central Japan by the…
Japan will take all necessary steps to ensure Sakhalin-2 LNG supplies from Russia.
Japan's Industry Minister Yojimuto announced on Friday that it will take every measure to ensure a steady supply of liquefied gas from the Sakhalin-2 Russian project in response to new U.S. Sanctions.
JOGMEC reports that Japan's LNG exports increased by 1% during FY23/24 due to an increase in external trade.
According to the Japan Organization for Metals and Energy Security, (JOGMEC), the volume of liquefied gas (LNG), handled by Japanese companies increased 1% on an annual…
Japan and Peru agree to cooperate in mineral mining technologies - Nikkei
Nikkei, a Japanese business daily, reported on Saturday that the leaders of Japan will sign a statement on cooperation on mineral mining technology later this month. The…
J-Power, a Japanese gas-power company, will sell its stake to a US gas-power company
J-Power, a subsidiary of Japan's Electric Power Development, announced on Thursday that it had decided to sell its 50 percent stake in an American gas-fired energy company…
Chubu Electric, Japan, plans to increase its investment in renewable energy and SMR overseas
A company executive revealed that Chubu Electric Power, Japan, plans to invest further in overseas decarbonisation projects, such as renewable energy, small-modular reactors (SMRs)…
METI official: Japan could increase LNG purchases for emergency reserves to almost 1 million T per year.
An official from the industry ministry stated that Japan may increase its purchases of LNG for emergency purposes to at least twelve cargoes per year, up from the current three…
China will remain the world's largest LNG buyer by 2024-25 according to IEA
Keisuke Sadamori, a director at the International Energy Agency, said that China will remain the top LNG buyer in the world this year and the next due to strong industrial demand.
Eneos, a Japanese company, will buy a 20% stake in the floating offshore wind project of Norway
Eneos Holdings, Japan's largest oil refiner, said Wednesday that its renewable energy unit had agreed to purchase a 20% stake of the GoliatVind project in Norway to gain expertise and knowledge for Japan.
NHK reports that Japan is considering company support measures to long-term LNG contracts.
NHK reported that the Japanese government was considering measures to encourage companies to sign long-term contracts to purchase liquefied gas in order to guarantee a steady supply of this super-chilled fuel.
Asian Countries Looking to Release Oil Reserves after U.S. Request
The world's biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States for a…
Brent Shoots Past $80 a Barrel
Oil markets climbed for a sixth day on Tuesday, boosted by a tighter supply and firm demand outlook, but power shortages in China which hit factory output tempered the rally.Brent crude futures gained 67 cents…
Oil Prices Rise Over 2% as US Inventories Decline
Oil prices rose for a second day on Friday as the market reacted to falling U.S. inventories.Signs of strong Asian demand from both China and India also strengthened the…
Japanese Refiners See Bullish Oil Price Trend Continuing
Oil prices are set to remain on a bullish course this year given the strong recovery in global demand following the COVID-19 pandemic-induced slump, the head of the Petroleum…
Japan Sets Aside $3.4B for Hydrogen R&D
The Japanese government said on Tuesday it will allocate up to 370 billion yen ($3.4 billion) from its green innovation fund for two projects to accelerate research and…
Powerful Earthquake Shuts Down Fifth of Japan's Oil Refining Capacity
Japanese refiners led by the biggest, Eneos Corp, shut down a fifth of the country's crude oil refining capacity after a powerful earthquake struck northeastern Japan knocking out power…
