Inpex has taken a final investment decision for Japan’s first demonstration project that will produce clean hydrogen and ammonia in association with carbon capture utilisation and storage (CCUS).
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.
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.
Officials in Japan are set to allow state-owned Jogmec to provide financial support for local companies investing in overseas plants that produce hydrogen or ammonia as part of a push to decarbonise, reported the Nikkei.
Japanese trading house Mitsubishi and state-owned energy agency Jogmec are exploring potential blue ammonia output with Indonesian producer Panca Amara Utama (PAU).
Russian gas independent Novatek is set to export more than 3 million tonnes per year (t/y) of LNG to China from the Arctic LNG 2 project as part of its latest deal with Shenergy Group.
London-listed Jersey Oil and Gas has agreed to buy the remaining 12% of the licence containing the Verbier discovery in the outer Moray Firth.