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…
Japan's Eneos Shuts Osaka Refinery CDU
Japan's biggest refiner, Eneos Corp, permanently shut the 115,000 barrels-per-day (bpd) crude distillation unit at its Osaka refinery on September 30 as planned, a company spokeswoman said on FridayThe refiner…
Japan's JERA Books Hefty One-off Losses on 2019/20 LNG Supplies
Japan's JERA, the world's biggest buyer of liquefied natural gas (LNG), booked tens of billions of yen in estimated one-off losses on its supply in the year ended on March 31…
Japan to Develop Offshore Wind Farms at 30 Sites in 10 years
Japan will craft new rules and support infrastructure in a drive that aims to build offshore wind farms at 30 sites during the next decade, the Nikkei business daily said…
Japan's JERA, France's ADEME, Ideol in Floating Wind Pact
Japanese power generator JERA said on Monday it has agreed with France's state-owned investment firm ADEME Investissement and French floating wind technology supplier Ideol…
Refineries around Asia Join Chinese Peers in Increasing Production
Refineries from India to South Korea are expected to increase output from June, joining their Chinese counterparts as the easing of lockdown measures boosts demand for oil products…
Japan's Refiners Facing Stagnant Market May Cut Capacity
Japanese refineries may be forced to shut down capacity once again unless they see a strong recovery from the coronavirus pandemic. They've been hit by declining use for fuel at home…
Japan's JXTG to Spend $14B on Low-Carbon Transformation
JXTG Holdings Inc, Japan's biggest oil refiner, said on Wednesday it will spend 1.5 trillion yen ($14 billion) for the next three years to drive its transformation into…
Japan's Inpex Reduces 2020 Profit Guidance by 93%
Inpex Corp, Japan's top oil and gas company, on Tuesday cut its annual net profit forecast by 93% after first-quarter earnings slumped due to an oil price collapse and as…
