With Russia's invasion of Ukraine tightening the supply and demand of LNG (liquefied natural gas) worldwide, major Japanese trading companies and electric power companies will newly import more than 2 million tons annually from Oman in the Middle East under long-term contracts of about 10 years. I know you have a policy in place.
We expect to reach a basic agreement on the 27th.
According to people involved, major trading companies Mitsui & Co. and Itochu Corporation, as well as Japan's largest power generation operator JERA, will start producing more than 2 million tons per year under long-term contracts of about 10 years from 2025, three years after Oman. decided to import to
The signing ceremony for the agreement is expected to be held on the 27th, attended by Minister of Economy, Trade and Industry Nishimura, who is visiting the site, and the minister in charge of energy in Oman.
Mitsui & Co., Ltd. and Itochu Corporation have some of the interests in this LNG, and Japan currently imports more than 1.9 million tons annually from Oman, which is 2.6% of its LNG imports.
Since Oman's export bases are located outside the Strait of Hormuz in the Persian Gulf, they are said to be less susceptible to conflicts and other conflicts.
Other Japanese companies are also negotiating with Oman. will continue to diversify.