Mitsui is considering buying a stake in the North Field expansion project in Qatar

2023-10-18 10:20:17

The spokesman said, “We always say that we will study investment in any quality liquefied natural gas projects, and the North Field is one of these projects,” but he refused to address further details.

Seeking Japan To diversify energy sources and sign more fixed-term contracts for cryogenic fuel to ensure stable supplies in the wake of the energy crisis caused by the war in Ukraine.

Earlier this month, the Nikkei daily reported that Mitsui was looking to acquire a stake in the North Field as part of a Japanese consortium that Jira might consider participating in.

A spokesman said cumin The company, which is the largest power generation company and the largest buyer of liquefied natural gas in Japan, is in several different discussions with Qatar as it is one of the most important suppliers of liquefied natural gas in the Middle East, but he refused to go into details.

Regarding a long-term purchase agreement for liquefied natural gas, a JERA spokesman said that it was in talks with several suppliers, including Qatar, but he refused to provide any details about the discussions.

Japan was the world’s largest importer of liquefied natural gas in 2022.

Japanese Prime Minister Fumio Kishida agreed to strengthen relations in the energy sector and economic cooperation with Qatar in July when he visited the country.

Qatar Energy Company said it expects to sign supply contracts for almost all quantities of the new North Field in 2023. Japan obtains the bulk of its fossil fuel supplies from the Middle East.

The commercial unit of Jira and ADNOC Gas in Abu Dhabi said today that they had signed an agreement for liquefied natural gas worth between 500 million and 700 million dollars.

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