Japan

Cook Inlet LNG plant to be built by Japanese

Source: 
Platts

Resources Energy Inc. is moving to final engineering plans for an LNG plant in Cook Inlet, Alaska that can process up to 1.5 million metric tons per year for export to Japan, Platts reports.

Japan proposes cutting emissions by a quarter by 2030

TOKYO (AP) — Japan is proposing to cut its greenhouse gas emissions by up to 26 percent by 2030 amid international efforts to create a new framework for addressing climate change.

The final draft of the government target, released Thursday, said Japan will aim to reduce carbon dioxide emissions by 26 percent by 2030 from 2013 levels, or 25.4 percent from 2005 levels.

Japan PM offers condolences for WWII dead, pushed trade deal

WASHINGTON (AP) — Declaring "history is harsh," Prime Minister Shinzo Abe of Japan offered solemn condolences Wednesday for the Americans who died in World War II as he became the first Japanese leader to address a joint meeting of Congress.

He also sought support for a 12-nation trans-Pacific trade pact that has divided Congress and provoked opposition in Japan, telling lawmakers it should be completed "for the sake of our children and our children's children."

Japan PM to make historic address to Congress, talk trade

WASHINGTON (AP) — Prime Minister Shinzo Abe will seek support for a trans-Pacific trade pact that has divided U.S. lawmakers as he makes the first address by a Japanese leader to a joint meeting of Congress.

Abe will be promoting his staunch support of an even-tighter relationship between former wartime adversaries in both trade and defense as the allies contend with a rising China, and can expect a warm reception Wednesday morning.

Obama, Abe declare progress, but no breakthrough, on trade

WASHINGTON (AP) — President Barack Obama and Japanese Prime Minister Shinzo Abe declared progress Tuesday in trade talks between their two nations, stopping short of announcing a breakthrough in negotiations that are central to a massive 12-nation trade deal that would open markets around the Pacific rim to U.S. exports.

Obama conceded the domestic obstacles both he and Abe face to concluding a Trans-Pacific Partnership agreement, but said the deal would be an integral component of his effort to increase U.S. influence in Asia and expand markets for U.S. exports.

Obama, Abe putting joint face on trade amid opposition in US

WASHINGTON (AP) — Eager to build on the U.S.-Japan alliance, President Barack Obama and Prime Minister Shinzo Abe will work to strengthen economic ties further while confronting stiff resistance from the U.S. president's own political party to a massive new Pacific Rim trade deal.

Oil

Japan's Inpex wins stake in major UAE oil fields

DUBAI, United Arab Emirates (AP) — Japan's Inpex Corp. on Monday won a stake in the development of major oil fields in the oil-rich emirate of Abu Dhabi, deepening the Asian nation's ties to the United Arab Emirates federation.

The Abu Dhabi National Oil Co. said the deal gives Inpex's Japan Oil Development Co. Ltd. Division a 5-percent stake in the onshore concession operated by the Abu Dhabi Company for Onshore Petroleum Operations, also known as ADCO.

Legal hurdles remain for restart of Japanese reactors

Source: 
The Economist

Japan's nuclear reactors, which have remained shut since the Fukushima disaster four years ago, still face multiple legal hurdles before they can restart, The Economist reports.

Japan court supports planned restart of 2 nuclear reactors

TOKYO (AP) — A court rejected an injunction requested by local residents opposed to resuming operations of two nuclear reactors in southern Japan, giving the go-ahead Wednesday for their restart as planned this summer.

The Kagoshima District Court decision regarding the Sendai No. 1 and No. 2 reactors was a major relief for the power industry and Prime Minister Shinzo Abe's pro-business government. Another court last week banned restarts of two reactors in western Japan.

Japan logs 1st trade surplus in nearly 3 years on cheap oil

TOKYO (AP) — Japan posted its first monthly trade surplus in nearly three years in March thanks to falling import costs from cheaper oil prices, along with a modest recovery in exports.

But the stronger-than-expected surplus is unlikely to persist, analysts said.

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