Tag Archives: Japan

Asian governments are taking measures to soften the impact of escalating oil and LNG prices on their economies and help consumers with subsidies and tax cuts. However, such measures probably won’t be sufficient to offset the sharp increase in energy prices, which is adding to inflationary pressures. Brent crude oil …

Japan should discuss a possible sharing of nuclear weapons similar to that of NATO members in the wake of the Russian invasion of Ukraine, former Prime Minister Shinzo Abe said Sunday. NATO’s nuclear sharing arrangements let the U.S. keep its nuclear weapons in Europe under its custody. “Many people in …

Japan is discussing with the European Union about coordinating further diversion of part of its liquefied natural gas imports to Europe, government sources said Saturday, as the region faces the threat of Russia restricting its gas exports. The Japanese government will likely provide additional LNG supplies from April as long …

Japan’s oil giant Eneos Holdings Inc says it will consider resuming oil imports from Iran if an agreement to revive the 2015 nuclear deal is reached. The company has yet to start necessary preparations to that end. It will take about two-to-three months to resume oil imports from Iran if …

The likely impact of Russia-Ukraine tensions on energy supplies has led Japan to consider diverting its liquefied natural gas (LNG) reserves to Europe. “Japan plans to provide part of its LNG reserves to Europe as simmering tensions between Russia and the West over Ukraine undermine energy security in the region,” …

Japan, a key importer of liquefied natural gas (LNG), will consider ways it can help the international community in the event of the Ukraine crisis disrupting supplies, Industry Minister Koichi Hagiuda said on Friday. He declined to confirm media reports that the United States had asked Japan if it could …

The U.S. and its European allies have approached several major natural-gas importers in Asia, including China, about sending their fuel to Europe if a conflict over Ukraine erupts, according to people familiar with the matter. President Joe Biden’s administration has spoken to officials in Japan, South Korea and India as …

Japan’s exports and imports both reached record highs in December, largely because of surging oil prices and a weaker yen, the government said Thursday. Japan’s imports last month surged 41% from the same month a year earlier. Exports rose 17.5% from the previous year, on stronger shipments of autos and …

Japan intends to explore 1.4 Tcf of estimated recoverable natural gas reserves offshore Shimane and Yamaguchi prefectures in the west that could produce 46.7 Bcf/year of gas after starting output in 2032, an official at the Ministry of Economy, Trade and Industry told S&P Global Platts Jan. 17. The move …

The COP26 climate talks in Glasgow, Scotland, held through mid-November, provided a stage for fierce fights between the United Kingdom and other European nations and emerging economies and coal-reliant nations over the phaseout of coal power by 2040. Although Japan was also under strong pressure to make a commitment to …