Japanese commodities major Mitsui is looking for investment opportunities in liquefied natural gas to secure the long-term supply of electricity for the booming data center industry.
Japan’s ENEOS Holdings has agreed to acquire Chevron’s downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia for USD 2.17 billion, Eneos announced on Thursday.
Japan will establish a USD 10-billion financing framework to help Asian countries secure energy resources and build oil stockpiles as tensions in the Middle East strain supply chains, Reuters reported on Wednesday.
Japan will release additional volumes of crude oil next month, Prime Minister Sanae Takaichi said today, confirming earlier reports about more releases from inventories to handle the supply squeeze resulting from the war in the Middle East.
Japan is considering ramping up coal-fired power generation amid a liquefied natural gas crunch that has led to significantly higher prices.
Japan will begin tapping oil stockpiles jointly held with producing countries by the end of March as it escalates emergency measures to address supply disruptions due to the Middle East crisis, Prime Minister Sanae Takaichi said on social media on Tuesday
Japan is preparing to start releasing crude oil from stockpiles held jointly by the country and oil producers as well as national stocks
Japan’s trade minister Ryosei Akazawa has asked the United Arab Emirates and Saudi Arabia to cooperate in ensuring stable crude oil supplies and stabilizing the global crude oil market in order to enhance energy security, Jiji Press reports.
Japan plans to invest US$36 billion in US oil, gas and critical mineral projects, the first tranche of its US$550 billion commitment under the trade agreement it struck with US President Donald Trump.
“Our massive trade deal with Japan has just launched!” Trump posted on Tuesday (Feb 17). “The scale of these projects are so large, and could not be done without one very special word, tariffs.”
Japan’s Mitsui O.S.K. Lines (MOL) has taken delivery of a newbuilding dual-fuel VLGC to serve a time charter contract for TotalEnergies subsidiary CSSA Chartering and Shipping Services, MOL announced on Friday.