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

USD -
AED 3.672503
AFN 66.000343
ALL 81.750787
AMD 378.260319
ANG 1.79008
AOA 917.000119
ARS 1447.7807
AUD 1.429327
AWG 1.80125
AZN 1.695576
BAM 1.65515
BBD 2.013067
BDT 122.134821
BGN 1.67937
BHD 0.37701
BIF 2960
BMD 1
BND 1.271532
BOB 6.906503
BRL 5.2395
BSD 0.999467
BTN 90.452257
BWP 13.162215
BYN 2.854157
BYR 19600
BZD 2.010138
CAD 1.366615
CDF 2225.000441
CHF 0.777305
CLF 0.021735
CLP 858.210238
CNY 6.938199
CNH 6.93926
COP 3628.58
CRC 495.478914
CUC 1
CUP 26.5
CVE 93.31088
CZK 20.654396
DJF 177.720153
DKK 6.328325
DOP 62.700992
DZD 129.716681
EGP 46.898171
ERN 15
ETB 154.846992
EUR 0.84738
FJD 2.20515
FKP 0.729917
GBP 0.73281
GEL 2.695017
GGP 0.729917
GHS 10.974578
GIP 0.729917
GMD 72.999681
GNF 8771.298855
GTQ 7.666172
GYD 209.107681
HKD 7.812425
HNL 26.40652
HRK 6.385502
HTG 131.004367
HUF 321.707506
IDR 16807
ILS 3.094805
IMP 0.729917
INR 90.44185
IQD 1309.366643
IRR 42125.000158
ISK 122.698337
JEP 0.729917
JMD 156.730659
JOD 0.709031
JPY 156.945499
KES 128.949615
KGS 87.449748
KHR 4034.223621
KMF 418.00016
KPW 899.945137
KRW 1461.704465
KWD 0.30733
KYD 0.83291
KZT 496.518171
LAK 21498.933685
LBP 89504.332961
LKR 309.337937
LRD 185.901857
LSL 15.973208
LTL 2.95274
LVL 0.604889
LYD 6.316351
MAD 9.162679
MDL 16.911242
MGA 4427.744491
MKD 52.212764
MMK 2099.936125
MNT 3569.846682
MOP 8.043143
MRU 39.687396
MUR 45.879676
MVR 15.450132
MWK 1732.791809
MXN 17.32615
MYR 3.935502
MZN 63.749926
NAD 15.973816
NGN 1368.559885
NIO 36.779547
NOK 9.67647
NPR 144.74967
NZD 1.666655
OMR 0.384458
PAB 0.999458
PEN 3.359892
PGK 4.282021
PHP 58.951022
PKR 279.546749
PLN 3.57428
PYG 6615.13009
QAR 3.645472
RON 4.317499
RSD 99.475027
RUB 76.246155
RWF 1458.735317
SAR 3.75002
SBD 8.058101
SCR 13.714455
SDG 601.498038
SEK 8.989675
SGD 1.27291
SHP 0.750259
SLE 24.474968
SLL 20969.499267
SOS 570.224434
SRD 37.894053
STD 20697.981008
STN 20.734071
SVC 8.745065
SYP 11059.574895
SZL 15.972716
THB 31.719961
TJS 9.340239
TMT 3.51
TND 2.890703
TOP 2.40776
TRY 43.529499
TTD 6.770395
TWD 31.672103
TZS 2580.289652
UAH 43.116413
UGX 3558.598395
UYU 38.520938
UZS 12251.99609
VES 371.640565
VND 25982
VUV 119.556789
WST 2.72617
XAF 555.124234
XAG 0.011178
XAU 0.0002
XCD 2.70255
XCG 1.80131
XDR 0.68948
XOF 555.135979
XPF 100.927097
YER 238.374961
ZAR 16.080355
ZMK 9001.194249
ZMW 19.565181
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSD

    -0.0700

    23.87

    -0.29%

  • BCC

    5.3000

    90.23

    +5.87%

  • NGG

    1.5600

    87.79

    +1.78%

  • CMSC

    -0.1400

    23.52

    -0.6%

  • BTI

    -0.2400

    61.63

    -0.39%

  • BCE

    0.2400

    26.34

    +0.91%

  • RIO

    0.1100

    96.48

    +0.11%

  • GSK

    3.8900

    57.23

    +6.8%

  • RELX

    -0.7300

    29.78

    -2.45%

  • AZN

    3.1300

    187.45

    +1.67%

  • JRI

    0.0300

    13.15

    +0.23%

  • RYCEF

    -0.3200

    16.68

    -1.92%

  • BP

    0.3800

    39.2

    +0.97%

  • VOD

    0.4600

    15.71

    +2.93%

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