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Japan

Asia

Japan aims to keep stakes in Russia’s Sakhalin-2 LNG

Japan plans to maintain its stakes in the Sakhalin-2 natural gas project in Russia’s far east, the Nikkei Asia reported, after President Vladimir Putin signed a decree transferring rights to a new Russian company just over two weeks ago.

Renewables/Energy Transition

Storegga partner Mitsui teams up with Petronas for Malaysia CCS

Malaysian national oil company Petronas has signed a memorandum of understanding with Japan’s Mitsui for the conceptual and feasibility studies on the carbon capture and storage (CCS) value chain, including the evaluation of carbon dioxide (CO2) storage sites in Malaysia. Significantly, Mitsui is a shareholder in UK-based carbon management business Storegga, that is developing the Acorn CCS project.

Asia

Carbon capture in Southeast Asia: myths and realities

In recent years the debate around carbon capture utilisation and storage (CCUS) has gained traction in Southeast Asia. However, the establishment of CCUS in the region is likely to be limited to gas processing and some industrial applications, reckons the Institute for Energy Economics and Financial Analysis (IEEFA).

Asia

Japan’s Inpex delays Abadi LNG project in Indonesia again

Inpex’s (TYO:1605) proposed Abadi liquefied natural gas (LNG) plant in the Masela Block offshore Indonesia, which has long struggled to gain traction, has been delayed even further with a final investment not targeted until the latter half of this decade. Significantly, the project looks increasingly unlikely to be developed.

Asia

Japan eyes first proper carbon capture and storage project

Japanese oil refiner Eneos Holdings and utility J-Power have teamed up to launch the country's first permanent carbon capture and storage (CCS) project by the end of this decade. Significantly, if CCS is successful in Japan, it would bode well for global liquefied natural gas (LNG) demand, as the world’s second biggest importer could better balance its net zero ambitions.