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

EUR -
AED 4.181514
AFN 75.147376
ALL 93.878019
AMD 417.342673
AOA 1045.23594
ARS 1707.67536
AUD 1.63429
AWG 2.05233
AZN 1.933608
BAM 1.959943
BBD 2.293037
BDT 140.547076
BHD 0.429306
BIF 3405.182623
BMD 1.138602
BND 1.472807
BOB 12.973422
BRL 5.847405
BSD 1.138501
BTN 109.051024
BWP 15.683081
BYN 3.265889
BYR 22316.592858
BZD 2.28974
CAD 1.605622
CDF 2573.239939
CHF 0.932031
CLF 0.027154
CLP 1068.77139
CNY 7.703893
CNH 7.710736
COP 3660.820724
CRC 517.992613
CUC 1.138602
CUP 30.172944
CVE 110.498562
CZK 24.189194
DJF 202.738531
DKK 7.474943
DOP 66.330203
DZD 152.108109
EGP 57.499725
ERN 17.079025
ETB 183.756909
FJD 2.541075
FKP 0.855859
GBP 0.85653
GEL 2.983124
GGP 0.855859
GHS 13.263034
GIP 0.855859
GMD 84.256006
GNF 9993.122587
GTQ 8.68532
GYD 238.143367
HKD 8.928203
HNL 30.499467
HRK 7.537085
HTG 148.793854
HUF 361.521402
IDR 20610.967547
ILS 3.483671
IMP 0.855859
INR 108.919946
IQD 1491.452502
IRR 1565719.630246
ISK 142.199924
JEP 0.855859
JMD 180.291083
JOD 0.807254
JPY 186.53882
KES 147.505871
KGS 99.571004
KHR 4602.70859
KMF 493.014388
KRW 1657.485027
KWD 0.353661
KYD 0.948701
KZT 544.498522
LAK 25803.541264
LBP 101950.995078
LKR 382.578661
LRD 206.064657
LSL 19.131655
LTL 3.361995
LVL 0.688729
LYD 7.304439
MAD 10.680375
MDL 20.151506
MGA 4879.313465
MKD 61.65004
MMK 2391.262995
MNT 4094.220098
MOP 9.195537
MRU 45.541261
MUR 54.072321
MVR 17.602773
MWK 1974.172834
MXN 19.861864
MYR 4.659188
MZN 72.767556
NAD 19.131739
NGN 1554.623578
NIO 41.898377
NOK 11.032304
NPR 174.482039
NZD 1.970117
OMR 0.437806
PAB 1.138506
PEN 3.875374
PGK 5.020612
PHP 70.070117
PKR 316.241644
PLN 4.328104
PYG 6848.475708
QAR 4.150373
RON 5.231533
RSD 117.390985
RUB 89.778775
RWF 1669.0205
SAR 4.268718
SBD 9.182421
SCR 15.393442
SDG 683.731914
SEK 11.066269
SGD 1.471603
SLE 27.610697
SOS 650.672477
SRD 43.097784
STD 23566.755874
STN 24.551788
SVC 9.962057
SZL 19.134361
THB 38.179023
TJS 10.491075
TMT 3.996492
TND 3.38033
TRY 53.946925
TTD 7.743333
TWD 36.874185
TZS 3013.312745
UAH 51.198519
UGX 4298.066001
USD 1.138602
UYU 45.736674
UZS 13718.998016
VES 844.708079
VND 29985.075149
VUV 135.683313
WST 3.132302
XAF 657.343549
XAG 0.019981
XAU 0.000283
XCD 3.077128
XCG 2.051828
XDR 0.81664
XOF 657.346441
XPF 119.331742
YER 271.157735
ZAR 19.071126
ZMK 10248.782993
ZMW 21.290001
ZWL 366.629275
  • RBGPF

    0.0000

    66

    0%

  • RYCEF

    -0.0700

    18.8

    -0.37%

  • NGG

    0.1500

    81.36

    +0.18%

  • VOD

    0.5700

    16.37

    +3.48%

  • CMSC

    0.1444

    21.8648

    +0.66%

  • BTI

    1.3600

    62.18

    +2.19%

  • RIO

    0.0300

    91.98

    +0.03%

  • RELX

    2.1100

    37.76

    +5.59%

  • BCC

    2.5500

    80.77

    +3.16%

  • BCE

    0.5700

    21.81

    +2.61%

  • AZN

    2.6700

    172.31

    +1.55%

  • GSK

    2.0400

    54.02

    +3.78%

  • JRI

    0.0350

    12.945

    +0.27%

  • BP

    -0.5300

    41.78

    -1.27%

  • CMSD

    0.1140

    22.164

    +0.51%

Japan PM rounds out energy-focused Gulf tour with Qatar visit
Japan PM rounds out energy-focused Gulf tour with Qatar visit / Photo: KARIM JAAFAR - 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.

R.Krejci--TPP