Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2016-11-17 18:40:00

JAPAN NEEDS MORE OIL

JAPAN NEEDS MORE OIL

PLATTS wrote, state-owned Japan Oil, Gas and Metals National Corporation, or Jogmec, on Wednesday said it is set to provide financial support for domestic companies to acquire foreign upstream companies.

The announcement comes after a revision in the law covering Jogmec's capabilities took effect Wednesday.

The Japanese cabinet in October had approved a bill to amend a part of the law that defines the capabilities of Jogmec -- as part of its effort to boost the country's equity oil and gas output -- and this was passed by the parliament on November 11.

Tokyo sees the current low oil price environment creating "a significant chance for acquiring [upstream] stakes and assets," as well as the need to facilitate upstream investments amid slowing investments globally, Yuki Sadamitsu, director of the oil and gas division at the Ministry of Economy, Trade and Industry said in an interview with S&P Global Platts last month.

The current environment also generates a window of opportunity for helping to develop Japan's core upstream company, by getting a bulk of upstream stakes through acquisitions of independent E&P companies overseas, Sadamitsu had said.

Following the enactment of the bill, Jogmec has expanded its capabilities.

Jogmec will now be able to support domestic companies' acquisitions of foreign upstream firms and their capital tie-up as well as provide the Japanese companies with additional financial support through the development stage of their projects.

Jogmec will also be able to acquire shares in state-owned national oil companies.

Previously, Jogmec did not provide any finance to Japanese companies' projects that were at the development stage, except for providing loan guarantees for the companies' development costs.

As part of the revised law, Jogmec has also gained a framework to borrow up to Yen 324.8 billion ($2.97 billion) from commercial banks in a fiscal year (April-March), with a government debt guarantee to support Japanese companies' acquisitions and upstream developments from the exploration stage through to the development stage.

In a related development, METI has also secured a supplementary budget of Yen 162.4 billion for the upstream oil and gas sector in fiscal 2016-2017, with Yen 150 billion earmarked to support Japanese companies' acquisition of foreign upstream companies.

The supplementary budget combined with the previously approved Yen 92 billion budget and the ability to borrow Yen 324.8 billion once the bill is ratified will take Jogmec's maximum available finance in the current fiscal year to Yen 579.2 billion.

Japan hosted the Group of Seven industrialized nations summit in May, when the leaders committed to play a leading role in facilitating upstream investment to stabilize energy prices and ensure economic growth.

Japan aims to increase its share of oil and gas equity liftings to 40% by 2030 from 27.2% in fiscal 2015-2016.

-----

Earlier: 

THE LARGEST LNG IMPORTERS  

ASIAN LNG IMPORTS UP  

VIETNAM & JAPAN LNG  

IRANIAN OIL TO JAPAN: UP 61.2%  

JAPAN RESHAPES MARKET

 

 

 

Tags: JAPAN, OIL, GAS, INVESTMENT

Chronicle:

JAPAN NEEDS MORE OIL
September, 22, 08:50:00

RUSSIA - KURDISTAN INVESTMENT

Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.

JAPAN NEEDS MORE OIL
September, 22, 08:45:00

IRAN'S GAS EXPORT: ABOVE 5 BCM

Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.

JAPAN NEEDS MORE OIL
September, 22, 08:40:00

IRAQI OIL TO U.S.

Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.

JAPAN NEEDS MORE OIL
September, 22, 08:35:00

QATAR - TURKEY LNG

Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years

All Publications »
Exchange Rates
Date: 00:00 00:00
USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
UAH 0.00 0.00
ADR bid ask
GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
SURGUTNEFTEGAZ 0.000.00
TATNEFT0.00 0.00