Park Ha Biological Technology stock rises on upcoming ticker symbol change
Investing.com -- Japan’s industry minister Ryosei Akazawa emphasized that liquefied natural gas supplies from Russia’s Sakhalin-2 project are "extremely important" for Japan’s energy security, noting that replacing these supplies would be costly amid rising electricity prices.
Speaking to reporters on Thursday, Akazawa stated that the Asian LNG market is expected to tighten, which would cause procurement prices for Japan to soar if Sakhalin-2 supplies needed replacement.
The industry minister expressed his intention to cooperate with the Group of Seven (G7) and other parties to determine what actions are necessary to protect Japan’s national interests.
Akazawa also mentioned that Japan is closely monitoring developments between the United States and China with keen interest, including potential impacts on Japanese corporate investments in the U.S.
Additionally, the minister affirmed plans to "steadily" realize subsequent projects related to offshore wind power generation as part of Japan’s energy strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.