Japan News

Japan to Resume Offshore Wind Auctions by Year-end After Revising Rules

Jun 23, 2022

Japan's government plans to resume public auctions for offshore wind power projects by the end of this year, after revising rules to draw a wider range of bidders and encourage faster development of new infrastructure.The resumption follows…

Japan's Inpex Targets Australia for Growth

May 18, 2022

Inpex Corp, Japan's top oil and gas producer, wants to grow in Australia through expansion of its liquefied natural gas (LNG) output as well as hydrogen and nature-based carbon offset projects, a senior executive said on Wednesday.Inpex's $40…

BW Ideol, Tohoku Electric In Floating Wind Partnership in Japan

May 12, 2022

Floating wind foundation maker BW Ideol has partnered up with Japanese electric utility Tohoku Electric Power to conduct feasibility studies necessary to jointly develop a commercial-scale floating offshore wind farm off the coast of Kuji city…

INPEX Starts Drilling Operation Offshore Japan

May 06, 2022

Japanese oil and gas company INPEX has started exploratory drilling operations offshore Japan.The company said that the drilling had started offshore Shimane and Yamaguchi prefectures in Japan on May 5, 2022.The project involves conducting exploratory…

Japan: Construction of 16.8MW Goto Floating Wind Farm to Start in September

Apr 27, 2022

Construction of the 16.8 megawatt Goto floating wind farm in Japan is expected to start in September 2022, with the commercial operations scheduler to begin in January 2024.A a sole bidder, the Japanese Goto Floating Wind Farm consortium, in June 2021…

Japan Says Its Exit from Sakhalin Energy Projects Would Benefit Russia and Weaken Sanctions

Apr 22, 2022

Should Japan ever exit the Sakhalin energy projects in Russia and their stakes were acquired by Russia or a third country, this would weaken the effectiveness of Western sanctions and benefit Russia, Japan's industry minister said on Friday…

Japan Tops Up LNG Reserves as Possible Russian Gas Cutoff Looms

Apr 12, 2022

Japan's government has asked power companies to top up their liquefied natural gas (LNG) reserves and share energy resources, a person familiar with the contingency plan said, as civilian deaths in Ukraine push Tokyo to halt Russian fuel imports…

Japan's Japex Bases Business Plan on Keeping Stake in Russian Sakhalin-1 Project

Mar 28, 2022

Japan Petroleum Exploration Co (Japex) said its new long-term business plan, unveiled on Monday, was based on an assumption that it would keep its stake in the Sakhalin-1 oil and gas project in Russia.Japan's consortium, Sakhalin Oil and Gas Development (SODECO)…

Sakhalin Energy Projects in Russia are Important for Japan - Gov't Spokesman

Mar 25, 2022

Japan aims to reduce its dependence on Russian energy, but Sakhalin oil and gas projects, in which the Japanese government and companies hold stakes, are important for its energy security, Japan's top government spokesman said on Friday.Shell…

BP, Marubeni in Japanese Offshore Wind Partnership

Mar 23, 2022

BP, the British oil major with growing renewables ambitions, has partnered up with Marubeni, the major Japanese integrated trading and investment conglomerate, to explore 'a selected offshore wind development opportunity in Japan.'The companies…

Japan to Speed Up Offshore Wind Efforts in Wake of Ukraine Crisis

Mar 18, 2022

Japan will accelerate its efforts to develop offshore wind power projects, its industry minister said on Friday.Officials in the resource-poor Japan are concerned Russia's invasion of Ukraine and the ensuing surge in oil prices could hit economic growth…

Mitsubishi Confident Japan Offshore Wind Will be Profitable

Mar 17, 2022

Japan's Mitsubishi Corp is confident that the three offshore wind farms 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 said on Thursday.The Japanese government on Dec…

Aker Offshore Wind and Mainstream Buy Into 800MW Floating Wind Project in Japan

Mar 14, 2022

Aker Offshore Wind and Mainstream Renewable Power have closed the transaction which will see them take an initial 50 percent ownership stake in Progression Energy's 800 MW floating offshore wind project in Japan.The news comes after the two…

Sakhalin Projects to Effectively 'freeze', Japan Holding Off Decision - Minister

Mar 08, 2022

Japanese industry minister Koichi Hagiuda said on Tuesday that the Sakhalin energy projects 'will effectively freeze' given the exit of Western stakeholders and that Japan would therefore wait to see how the situation plays out to make any decision…

Japan's Mitsui OSK, Others to Buy Stake in Taiwan's Formosa-1 Offshore Wind Farm

Mar 04, 2022

Japan's Mitsui OSK Lines, Toho Gas, and Hokuriku Electric Power will buy a stake of 25% in Formosa International Investment from Australia's Macquarie Group to enter Taiwan's offshore wind power business.The Japanese firms said the deal takes them into the overseas offshore wind power market…

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