Prime Minister Fumio Kishida said it would take time to phase out imports of Russian oil, hours after he joined other Group of Seven leaders to impose a ban on crude over the Kremlin’s invasion of Ukraine.
Inpex has started exploration drilling offshore Japan, which if successful could mark the nation’s first new offshore gas development in over three decades.
Nuclear power will play a crucial role in China’s decarbonisation drive with capacity set to expand 7% every year to 2035, according to S&P Global Ratings.
Japan will consider providing financial support to boost production of liquefied natural gas (LNG) in the U.S., reported financial publication Nikkei Asia, as Tokyo aims to lower its energy dependence on Russia following Moscow's invasion of Ukraine.
Malaysia’s Petronas and Thailand’s PTT Exploration & Production (PTTEP) have announced they will exit the Yetagun gas project offshore Myanmar as they rationalise their upstream portfolios. Neither company denounced the military-led coup in their exit statements.
JERA, the largest power generation company in Japan, producing about 30% of the nation’s electricity, is planning to develop at least 1 GW of solar power by end-2025, with new business partner West Holdings, a Japanese renewable energy engineering company.
Japan’s JERA has signed a memorandum of understanding with Electricity Generating Public Company Limited (EGCO), a major power generation company in Thailand, to cooperate in the energy transition field. The pair are eying opportunities in LNG, hydrogen, and ammonia.
JERA, the world’s largest buyer of liquefied natural gas (LNG), and Summit Power, Bangladesh’s largest independent power producer, are collaborating on a plan to decarbonise the South Asian nation’s power sector.
Japanese companies Inpex and JGC are teaming up with Thai upstream player PTT Exploration & Production (PTTEP) to explore potential carbon capture and storage (CCS) developments in Thailand. The move follows PTTEP’s recent announcement that it has set a 2050 carbon neutral target.
China’s interest in acquiring an abandoned stake in a Russian liquefied natural gas (LNG) export project is providing further justification for Japan to continue its joint venture with Gazprom PJSC.
Japan’s Mitsui has agreed to make an investment in a large-scale 1.3GW renewable energy project that India’s ReNew Power is developing.
US-based NextDecade will supply China’s ENN with 1.5 million tonnes per year (mtpy) of liquefied natural gas (LNG) for 20 years, starting as early as 2026, from the proposed Rio Grande export project in Texas. Significantly, this is the fourth US-China LNG deal struck in the past two weeks.
JERA, the world’s largest buyer of liquefied natural gas (LNG), has established a new subsidiary JERA LNG Portfolio Strategy in Singapore, which offers a strategic base to maximise the value of JERA’s LNG portfolio.
For the first time in more than a decade, a narrow majority of Japanese now support restarting idled nuclear reactors, according to a poll in the country’s top business newspaper.
Oil and gas giant BP has launched a new joint venture aimed at making inroads into the burgeoning Japanese offshore wind market.
A rush of announcements on green hydrogen in the US highlights that the received wisdom, that blue hydrogen has the price advantage, does not tell the entire story.
Japan's Mitsubishi is confident that the three offshore wind projects it won last year in auctions will be profitable despite the low feed-in tariff prices it bid, the head of its energy solutions unit told Reuters.
Aker Offshore Wind and Mainstream Renewable Power have closed a deal that will see them take an initial 50% ownership stake in Progression Energy’s 800 MW floating offshore wind project in Japan.
Malaysia’s Petronas and Japanese oil company ENEOS Corporation (ENEOS) have signed an agreement to advance studies for a commercial hydrogen production and conversion project at Kerteh in the Malaysian state of Terengganu. The move follows a pact signed between Malaysia and Japan last August to develop a clean hydrogen supply chain between the nations.
The liquefied natural gas (LNG) market is primed for a global battle for supply with far-reaching repercussions as the threat of Russia cutting off Europe sends the continent scrambling for alternatives.
Energy ministers from the Group of Seven developed nations on Thursday agreed to boost efforts to cut their dependency on energy imports from Russia, Japanese industry minister Koichi Hagiuda said, reported Nikkei Asia.
There has been increasing speculation that Japanese oil and gas companies may follow their Western peers and exit Russian energy projects in response to Vladimir Putin’s bloody invasion of Ukraine. However, this seems unlikely, as such a move - designed to hurt Russia - would be blunted, as China is expected to fill any void left by departing investors.
Japanese shipping company Mitsui OSK Lines (MOL), Toho Gas and Hokuriku Electric Power, will buy a 25% share in the 128 MW Formosa I offshore wind project in Taiwan from Macquaries’ Green Investment Group, which is exiting the country’s first utility-scale offshore wind farm.
The Japan Bank for International Cooperation (JBIC) has pledged to invest up to €100 million ($108 million) as part of an equity participation in the Clean H2 Infra Fund S.L.P. of France. The fund, managed by Hy24, is targeting €1,500 million in equity. Significantly, Hy24 claims it is the world’s largest clean hydrogen infrastructure investment fund.
US-based Enfinity Global has acquired a $1 billion utility-scale solar photovoltaic (PV) power portfolio in Japan. Significantly, the deal marks the largest renewable energy acquisition in Japan for at least five years in terms of transaction value and power capacity, according to Enerdatics, a research company.