The Fort Worth Press - Japan PM rounds out energy-focused Gulf tour with Qatar visit

USD -
AED 3.672504
AFN 65.000368
ALL 81.431326
AMD 361.239406
ANG 1.789785
AOA 918.000367
ARS 1544.046724
AUD 1.452222
AWG 1.8
AZN 1.70397
BAM 1.754002
BBD 2.018116
BDT 124.801578
BGN 1.747831
BHD 0.378548
BIF 2997.982153
BMD 1
BND 1.283978
BOB 12.019192
BRL 5.504904
BSD 1.002018
BTN 94.051388
BWP 13.802968
BYN 3.000673
BYR 19600
BZD 2.015246
CAD 1.41125
CDF 2320.000362
CHF 0.820469
CLF 0.024951
CLP 981.982871
CNY 6.676504
CNH 6.670804
COP 3236.357114
CRC 454.419084
CUC 1
CUP 24.048249
CVE 98.887942
CZK 21.83445
DJF 178.43146
DKK 6.708504
DOP 60.885162
DZD 136.261154
EGP 53.769786
ERN 15
ETB 164.454778
EUR 0.896804
FJD 2.265604
FKP 0.7479
GBP 0.748083
GEL 2.59504
GGP 0.7479
GHS 11.707995
GIP 0.7479
GMD 74.503851
GNF 8874.938344
GTQ 7.657056
GYD 210.062329
HKD 7.84204
HNL 26.930631
HRK 6.76901
HTG 131.321465
HUF 326.000354
IDR 18108.5
ILS 3.18593
IMP 0.7479
INR 93.910504
IQD 1519.035021
IRR 1891353.000352
ISK 122.790386
JEP 0.7479
JMD 159.024259
JOD 0.70904
JPY 158.47504
KES 130.209408
KGS 87.447804
KHR 4082.328147
KMF 442.00035
KPW 899.999961
KRW 1363.803789
KWD 0.31098
KYD 0.83512
KZT 449.127842
LAK 22542.486884
LBP 89728.711717
LKR 333.213757
LRD 170.342137
LSL 16.570826
LTL 2.95274
LVL 0.60489
LYD 6.412269
MAD 9.794718
MDL 17.910408
MGA 4553.159051
MKD 55.203803
MMK 2099.697346
MNT 3600.739032
MOP 8.088606
MRU 40.453791
MUR 47.030378
MVR 15.403739
MWK 1737.500561
MXN 18.62354
MYR 4.061504
MZN 63.903729
NAD 16.570826
NGN 1347.210377
NIO 36.87727
NOK 9.459904
NPR 150.482041
NZD 1.807175
OMR 0.384144
PAB 1.002108
PEN 3.451773
PGK 4.566611
PHP 63.108038
PKR 277.126855
PLN 3.94555
PYG 6263.39626
QAR 3.662795
RON 4.792204
RSD 105.484059
RUB 81.925564
RWF 1478.947132
SAR 3.756342
SBD 8.048583
SCR 13.773553
SDG 601.503676
SEK 9.894504
SGD 1.282704
SHP 0.748923
SLE 22.950371
SLL 20969.504398
SOS 572.620062
SRD 37.583504
STD 20697.981008
STN 21.972109
SVC 8.76732
SYP 13001.999685
SZL 16.565176
THB 33.550369
TJS 9.243442
TMT 3.5
TND 2.998341
TOP 2.40776
TRY 50.141304
TTD 6.795211
TWD 32.775304
TZS 2647.773642
UAH 45.39348
UGX 4098.470921
UYU 40.312094
UZS 11956.414511
VES 896.316404
VND 25582.5
VUV 119.504303
WST 2.787821
XAF 588.264929
XAG 0.019249
XAU 0.00024594347
XCD 2.70255
XCG 1.805838
XDR 0.707052
XOF 588.264929
XPF 106.954845
YER 236.625037
ZAR 16.51943
ZMK 9001.203584
ZMW 20.360522
ZWL 321.999592
SSP 5745.505339
MXV 2.095222
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Japan PM rounds out energy-focused Gulf tour with Qatar visit
Japan PM rounds out energy-focused Gulf tour with Qatar visit / Photo: © AFP

Japan PM rounds out energy-focused Gulf tour with Qatar visit

Japan's Prime Minister Fumio Kishida visited gas-rich Qatar on Tuesday to wrap up a Gulf tour centred on energy security and cooperation with Tokyo's main suppliers.

Text size:

He was making the first visit to Doha by a Japanese premier in 10 years.

Kishida arrived in Qatar from the United Arab Emirates after starting his tour in Saudi Arabia where he met the de facto leader, Crown Prince Mohammed bin Salman.

During his tour, Kishida and Gulf leaders discussed "how to deal with energy challenges" in the face of unstable supply due to Russia's Ukraine invasion, the prime minister told a Doha press conference.

Japan relies almost entirely on imports for its crude oil, with Saudi Arabia, the UAE and Qatar accounting for the bulk of its supplies.

But as the oil-producing Gulf states move towards cleaner energy sources, Japan said it is hoping to offer its greener and renewable energy technologies to assist their decarbonisation efforts.

"By combining respective strengths of Gulf states and Japan, oil producers in the Middle East will be transformed to global green energy hubs, exporting decarbonised energy and critical minerals," Kishida told reporters.

"Cooperation will be enhanced in respect to the production of hydrogen, ammonium," and decarbonisation technology, said the prime minister, the first from Japan to make a Gulf tour since Shinzo Abe in 2020.

- 'Energy security' -

Earlier on Tuesday, Kishida and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani discussed "developments related to energy security and supplies," the Qatari leader said in a statement.

The Doha visit comes with Japanese companies negotiating new long-term LNG supply contracts with Qatar, according to Bloomberg.

It said Japan's LNG importers have not signed a contract with Qatar since 2014, and that Qatari LNG deliveries to Tokyo dropped by more than 60 percent last year.

Japan's top LNG importer, Jera, did not renew contracts that expired in 2021 for gas supply of 5.5 million tonnes per year, Bloomberg said.

Since Russia's Ukraine invasion Japan has faced "potential LNG disruption," said Takafumi Yanagisawa, a researcher with Japan's Institute of Energy Economics.

"Japan needs to secure more LNG from Qatar," he told AFP, arguing that a deal would provide Tokyo with "stable and reliable LNG supply".

China has inked some of the industry's longest-running contracts with Qatar. Last month, Doha announced a 27-year deal to supply four million tonnes annually to the China National Petroleum Corporation.

It matches the terms of a November deal with China's Sinopec as the longest ever seen in the industry.

China, Japan, South Korea and other Asian countries are the main market for Qatari gas, which has been increasingly sought by European countries too since Russia's invasion of Ukraine early last year.

By expanding activities at North Field, which has the world's biggest natural gas reserves and extends under the Gulf into Iranian territory, Qatar expects to raise its LNG production by at least 60 percent, taking it to 126 million tonnes a year by 2027.

L.Davila--TFWP