Executives say that Japanese utilities could find a replacement for Sakhalin-2 in the event of LNG supply interruption.
Executives said that Japanese utilities JERA, Tohoku Electric Power Co and Sakhalin-2 can find alternative sources of gas if the flow is interrupted. This comes amid U.S. demands to stop energy imports from Russia. This month, the U.S. urged Japan and other Russian energy consumers to stop imports as they push the Kremlin toward ending the Ukraine war.
Prime Minister says nuclear power and perovskite as Japan's energy sources are important
Sanae Takaichi, the Japanese prime minister, told the parliament on Friday how important it is for Japan to have its own sources of energy such as nuclear power and solar cells made from perovskite. Takaichi (64), the first woman to be elected as prime minister in Japan, was elected this week.
The new Japanese Prime Minister's energy policies puts nuclear power at the heart of their policy
Sanae Takaichi, the new Japanese prime minister, is expected to press for a rapid revival of nuclear energy to combat inflation, which has been a major source of discontent amongst the public. Reactor restarts are also key to reducing expensive fuel imports. Analysts said that Takaichi appointed Ryosei Acazawa as its trade and industry minister…
Japan's conventional solar stock tumbles after Takaichi victory
After a party vote that positioned Sanae Takaichi as the next Prime Minister, shares of the Japanese renewable energy company Renova fell more than 11% Monday. The sudden drop was a result of speculation that the Liberal Democratic Party's (LDP) new leader, the former minister for economic security and internal affairs…
Simons is elected as the first female president of Suriname by the Suriname Parliament
Suriname's Parliament backed Jennifer Simons, the country's first female president, on Sunday. This comes six weeks after both the former ruling party's and the top opposition's legislative seats were nearly equalled. The National Democratic Party, led by Simons, won 18 seats. Chan Santokhi’s Progressive Reform Party…
South Korea's Lee appoints Koo Yun Cheol as finance minister and makes other choices
His office announced on Sunday that South Korea's President Lee Jae Myung had appointed a former Vice Finance Minister, Koo Yun Cheol, as his new Finance Minister. Kang Hoon Sik, Lee's chief-of-staff, said that Koo was a well-known policy expert who has held various positions in the government.
After a tight win, the New Democratic Party (NDP) of British Columbia will form a government with ties to the left.
The New Democratic Party of Premier David Eby, who is currently in office, will form the next government for British Columbia. This comes after a final count of votes on Monday. It was more than a full week since the vote of October 19. The NDP won 47 seats, just enough for a majority in Canada's westmost province.
Voters in British Columbia's provincial election are focused on affordability and healthcare.
British Columbia, Canada's most western province, is preparing to elect its provincial government on October 19. Polls indicate that the incumbent New Democratic Party holds a narrow lead over the main rival Conservative Party. The provincial elections will be closely watched for clues as…
New Industry Minister: Japan will keep nuclear but boost renewables as part of its energy mix
Japan will continue to restart nuclear power plants safely and use as much renewable electricity as possible, said Industry Minister Yojimuto on Wednesday. This indicates that the policy of newly appointed Prime Minister ShigeruIshiba is not likely to change significantly. Ishiba had promised…
Canadian Natural Resources eyes Rail Contracts
Canadian Natural Resources, the country's biggest oil and gas producer, is looking at taking on the Alberta provincial government's contracts to move crude by rail, a senior company executive said on Thursday.Shipping more crude by rail is seen as critical for Canadian oil producers due to…
Canada Ready to Cover Kinder Morgan Loss
Canada is prepared to cover some losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion is delayed and thinks other investors are ready to step in if need be, Finance Minister Bill Morneau said on Wednesday. The company has given Ottawa a deadline of May 31 to provide…
KeystoneXL Opponents Vow Long Fight as Nebraska Hearing Concludes
Opponents of the Keystone XL pipeline vowed on Thursday to block construction of the controversial project if Nebraska regulators approve the proposed route later this year. Nebraska regulators wrapped up a final public hearing a day early on Thursday on TransCanada Corp's proposed Keystone…
Petronas Scraps $29 bln Canada LNG Project
Decision widely expected after long delay, weak prices. Malaysian oil company Petronas has scrapped a proposed C$36 billion ($29 billion) liquefied natural gas (LNG) project in western Canada due to weak prices, in a blow to both its global ambitions and Canada's hopes of becoming a major LNG player.
California Approves Fuel Tax Hike
California lawmakers on Thursday approved legislation to increase gasoline taxes and other transportation-related fees for the first time in decades, to fund an ambitious $52 billion plan to repair the state's sagging infrastructure. The legislation heads to the desk of Democratic Governor Jerry Brown…
Iraq Blacklists Tankers Lifting Kurdish Crude
Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on the semi-autonomous region amid tense talks on sharing oil revenue. Kurdistan has been exporting crude independently via Turkey since mid-2015 after saying Baghdad had…
Italians Go to polls for Drilling Referendum
Italy went to the polls on Sunday for a referendum on off-shore oil and gas drilling rights, a complex issue that the government hopes voters will shun. For the ballot to be valid, more than 50 percent of the Italian electorate must vote and Prime Minister Matteo Renzi has urged people to stay away…
Oil Price War Threatens US Sense of Energy Security
The political economy of oil prices in the United States is complicated. The United States is the world's largest oil consumer and one of its biggest importers. But it is also a substantial producer with large oil and gas resources. And its oil is medium-cost, more expensive to produce than…
Clinton's Pledge to Curtail Fracking Falls on Deaf Ears
Hillary Clinton's vow to regulate oil and gas fracking almost out of existence was met with skepticism Monday, failing to convince either industry or environment groups that she would - or could - end the controversial drilling practice if she becomes president. The front-runner for the Democratic party nomination used a debate in Flint…
Canada to Aid Developing Nations Fight Climate Change
Canada will provide aid to developing countries to combat climate change, Prime Minister Justin Trudeau announced on Friday ahead of talks on global warming, which he has promised will show the country is serious about tackling the issue. Canada will give C$2.65 billion ($1.98 billion) over the next five years…
Keystone XL Pipeline Prospects Dimming
Faced with dimming prospects for approval, the Canadian company behind the proposed Keystone XL pipeline chose to plead with the U.S. government for a delay on its fate, signaling that prolonged uncertainty is preferable to rejection of the $8 billion project. Monday's appeal by Calgary-based…