Resource-scarce Japan is shoring up long-term supplies of liquefied natural gas from close allies Australia and the United States as key contracts from providers including Russia are set to expire by the early 2030s. Japan’s biggest power generator JERA last month agreed to buy a 15.1% stake in Woodside Energy’s …
Read More »U.S. Key to Philippines’ Plan to Tap Oil and Gas in South China Sea
The Philippines is counting on the U.S. and its allies to play a crucial role in its plans to explore energy resources in the disputed South China Sea, according to Manila’s envoy to Washington. The country is seeking to parlay its deepening security ties with Washington into broader economic benefits, …
Read More »IAEA: Fukushima Water Released without Technical Concerns
Japan’s release of treated radioactive water from the crippled Fukushima No. 1 nuclear plant into the sea is “progressing as planned and without any technical concerns,” the U.N. nuclear watchdog has said. The International Atomic Energy Agency wrapped up its safety review Friday, two months after the discharge began at …
Read More »Japan and Saudi Arabia Push forward on Decarbonization Tech Tie-up
Prime Minister Fumio Kishida and Saudi Arabia’s Crown Prince Mohammed bin Salman agreed on Sunday to cooperate in sharing technology to aid in the decarbonization and economic diversification of the Middle Eastern nation, while ensuring Japan’s ongoing access to its oil. The two agreed to launch a “strategic dialogue” at …
Read More »Japan to Extend Oil Subsidy Program to Next Spring to Curb Price Hike
Japan is considering extending its subsidy program for oil wholesales to lower retail gasoline prices beyond its current year-end deadline to next spring, intending to prevent a sharp hike in fuel costs amid persistent supply concerns triggered by Russia’s invasion of Ukraine, sources familiar with the situation said Saturday. The …
Read More »Russia Proposing Discounted Long-Term Oil Deals as U.S. Seeks Price Cap
Russia has approached several Asian countries to discuss possible long-term oil contracts at steep discounts, as U.S. officials continue to push a plan that would cap the price of the country’s oil, according to a Western official. The tentative conversations to offer some Asian buyers discounts of up to 30% …
Read More »Russia’s Move on Sakhalin-2 Gas Plant Intensifies Competition for Fuel
Russia’s move to reshuffle ownership of the Sakhalin-2 natural gas project may constrict global markets even more by pushing Japan to compete with Europe for alternative sources of supply. President Vladimir Putin’s decree to transfer rights for the plant to a new Russian company has no immediate impact on the …
Read More »U.S., EU and Japan Eye Curbing Methane Emissions in Oil and Gas Sector
The United States, the European Union and countries such as Japan have agreed to enhance efforts to achieve a goal of reducing global methane emissions by at least 30% by 2030, targeting emissions in the oil and gas sector. Under the Global Methane Pledge Energy Pathway launched Friday, nations are …
Read More »Asia’s $350 Billion Gas Build-Out Stirs Energy Debate
Asia is pumping billions of dollars into new gas infrastructure, making the region pivotal in a debate over the role of the fossil fuel as the world aims to curb emissions. The region has more than $350 billion of projects underway to expand liquefied natural gas terminals, gas-burning power plants …
Read More »Japan Asked UAE to Help Stabilize Crude Oil Markets Amid Russia Turmoil
Japan asked the United Arab Emirates on Tuesday to make “proactive contributions” as a major oil producer to help stabilize surging crude oil prices triggered by Russia’s invasion of Ukraine, and the two agreed to work closely, Prime Minister Fumio Kishida has said. After a phone call with Crown Prince …
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