“Japan has steadily reduced dependency on Russian energy in the wake of the Ukraine war,” Trade Minister Yoji Muto said on Tuesday, without providing a timeline or details on when imports could end. LNG supply from the Russian Sakhalin-2 export project accounts for about 10 percent of the nation’s total imports of the fuel and so “plays an important role” in energy security, he added.
The developer of the Alaska LNG project, Glenfarne, has been busy in the past months finding companies willing to make offtake commitments for the $44-billion project that is being actively promoted by the Trump administration. The company is yet to make a final investment decision on Alaska LNG but plans to make one for the facility’s pipeline by the end of the year, and another for its export terminal in 2026.
Announcing its maiden dispatch from the project, Petronas said, “LNG Canada is a critical component of PETRONAS’ global LNG strategy to diversify its supply portfolio and increase market flexibility. Strategically located on Canada’s west coast and connected to PETRONAS’ upstream gas assets in Northeast B.C., LNG Canada offers a direct and efficient shipping corridor to key North Asian markets including Japan, South Korea and China”.
Tokyo Gas Co. is in discussions with multiple U.S. liquefied natural gas suppliers to secure a long-term purchase agreement, as rising energy demand leaves Japan increasingly dependent on the fuel source.
Energy Transfer has signed a 20-year deal with Japan’s Kyushu Electric Power Company to supply up to 1 million tpy of LNG from its Lake Charles LNG facility, the company said Thursday.
Japan will tout its prowess in building ice-breakers, a growing area of need as security concerns in the Arctic region mount, while also offering to help repair US battleships that patrol the Asia-Pacific, Prime Minister Shigeru Ishiba said Sunday, as his hand-picked trade negotiator Ryosei Akazawa returned to Tokyo following a third-round of discussions with US counterparts in Washington.
The order was placed by JERA Global Markets Pte. Ltd., owned 66.7 percent by Japanese power utility JERA Co. Inc. and 33.3 percent by France’s EDF Trading Ltd, according to an online statement from ADNOC Gas on Monday.
Woodside Energy has transferred a 15.1% interest in the Scarborough joint venture (JV) offshore/onshore Western Australia to Japanese power utility JERA for $1.4 billion.
Norwegian energy company Equinor has submitted a bid to develop an offshore wind farm together with other companies in the latest round of Japan’s state auctions, two sources said, as it seeks a foothold in the fledgling market.
Norwegian energy company Equinor (EQNR.OL), opens new tab has submitted a bid to develop an offshore wind farm together with other companies in the latest round of Japan’s state auctions, two sources said, as it seeks a foothold in the fledgling market.