Inpex seeks Southeast Asia M&A and CCS opportunities
Inpex, Japan’s largest upstream explorer and producer, is seeking opportunities to acquire more natural gas resources in Vietnam, Malaysia, as well as other countries in Southeast Asia.
Japan
Inpex set to build giant carbon capture hub in Australia
Japan’s Inpex (TYO:1605) has confirmed it aims to lead an effort to build one of the world’s largest carbon capture and storage (CCS) facilities near Darwin, Australia, as it strives to hit its Net Zero 2050 pledge and decarbonise its business.
Japan to ensure its own gas supply before aiding Europe
Japan will make sure its own energy demands are met before aiding Europe with shipments of liquefied natural gas (LNG) in the event conflict erupts over Ukraine, according to the nation’s trade minister.
European expertise still needed after Mitsubishi dominates Japan offshore wind round
A Mitsubishi-led consortium has dominated Japan’s first-ever fixed-bottom offshore wind auction with record-low prices. The results surprised the industry, but European know-how will still be needed to make the nascent sector a success in Japan.
Japan nears maiden offshore gas project in more than 30 years
Inpex is set to start an exploration drilling campaign offshore Japan as it seeks to prove up new oil and gas fields, which if commercialised will mark the nation’s first new offshore gas development in over three decades.
Woodside, Osaka Gas, and Keppel, team up for liquid hydrogen
Australia’s Woodside (ASX:WPL) is studying the technical and commercial feasibility of a liquid hydrogen supply chain from Western Australia to Singapore and potentially Japan.
$10.75bn Australian green hydrogen export project set to go ahead
The proposed $10.75 billion 10GW Desert Bloom hydrogen scheme in Australia’s Northern Territory (NT), backed by an as yet unidentified Japanese gas buyer, looks set to proceed next year after being granted major project status by the local government.
Woodside eyes first mover advantage in North Asian hydrogen markets
Australian liquefied natural gas (LNG) developer Woodside (ASX:WPL) is busy positioning itself for a future in which hydrogen may play a growing role in the energy mix. Significantly, it is working closely with customers in its traditional LNG export markets – particularly Japan and South Korea – to meet demand for cleaner forms of energy.
Japan is backing oil and gas even after COP26 climate talks
It’s been less than a month since world leaders pledged to combat climate change at the COP26 summit in Glasgow, yet Japan is already showing signs of putting the brakes on divestment from fossil fuels.
UK backs US oil release plans with eye on controlling prices
The UK will back President Joe Biden’s plans to release emergency oil supplies in an attempt to reduce the price of oil.
US poised to release oil from reserve with other nations
President Joe Biden is preparing to announce a release of oil from the nation’s Strategic Petroleum Reserve (SPR) in concert with several other countries as soon as Tuesday, according to people familiar with the plan.
Japan joins ranks of oil consumers weighing stockpile releases
Japan is considering releasing oil from its strategic stockpiles, joining China and the US in a coalition of consumers that wants to tame a surge in energy prices that’s triggered a jump in inflation.
Japan’s JERA buys $2.5bn stake in US LNG
Japan's JERA, the world's largest individual buyer of liquefied natural gas (LNG), said today that it will buy a 25.7% interest in Freeport LNG Development in the US for about $2.5 billion as it races to secure LNG supplies.
Japan pledges $10bn to support energy transition in Asia
Two days after scoring a surprisingly robust general election victory, Japanese Prime Minister Fumio Kishida promised up to $10 billion in additional climate finance for developing countries in a speech at COP26 in Glasgow.
La Nina threatens to worsen Asian energy crisis with colder winter
A weather phenomenon that typically delivers harsher winters is on the way and expected to add to Asia’s energy crisis.
Japanese oil major buys renewable energy firm for $1.8bn
Japan's biggest refiner, Eneos Holdings (TYO:5020), said yesterday it would buy Japan Renewable Energy (JRE) for about 200 billion yen ($1.8 billion) to expand its low-carbon business. Significantly, the move marks the first major acquisition of a big renewable energy firm by an established Japanese oil wholesaler.
Energy consultancy Xodus celebrates opening of first Asia office
Energy consultancy Xodus has expanded its global footprint with the opening of its first Asia office.
Japan may lose control of its LNG prowess, boosting Asia prices further
Asia gas prices may be high, but over the years they are poised to go even higher due to two key developments that threaten to change Japan’s role and influence in global liquefied natural gas (LNG) markets, according to the latest analysis from Japan NRG.
Petronas claims it will deliver trio of ‘carbon neutral’ LNG cargoes to China
Malaysia’s Petronas said it will deliver three ‘carbon neutral’ liquefied natural gas (LNG) cargoes from its Bintulu export complex to China’s Shenergy at terminals in Shanghai between October 2021 and March 2022. Still, question marks remain around whether the industry can really make LNG carbon neutral.
SSE Renewables enters Japanese offshore wind market
Green energy giant SSE Renewables making roads into the Japanese offshore wind market with the signing of a new agreement.
Oil price to gain on Asian fuel switching from LNG
Asian power demand is switching away from LNG and into oil burning, Rystad Energy has said, driven by high prices.
China offshore wind offers niche opportunities for Scottish players
China, which is on track to overtake the UK and become the world’s largest offshore wind market, offers niche opportunities for experienced Scottish companies.
Inpex ships ‘carbon neutral’ LNG from Ichthys
Japan’s Inpex said yesterday that it has made arrangements for a ‘carbon neutral’ shipment of liquefied natural gas (LNG) from the Inpex-operated Ichthys LNG project in Australia to be delivered to compatriot Toho Gas.
Ithaca agrees $1billion deal for Marubeni North Sea assets: Report
Ithaca has agreed to acquire the North Sea assets of Marubeni in a $1billion deal, according to a news report.
Malaysia’s Petronas and Japan’s Eneos explore hydrogen opportunities
Malaysia's state energy company Petronas and Japanese oil giant Eneos are exploring opportunities to develop a clean hydrogen supply chain between the two nations.